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While an amendment alters the core terms of the contract, an addendum provides supplementary information without changing the original content.
Modification means any change. It encompasses two commonly used terms: A revision is a change in something that exists, such as increasing the number of participants. An amendment adds something new, such as a person who will obtain informed consent.
If you modify a contract is modified before you sign it, such changes are not "amendments." If you wish to handwrite a change into an agreement that has been printed out for signature -- for example, because you noticed a typo at the last minute -- you can do so with a pen and have both parties initial it.
The amendment should be clear and concise. It should state the changes that are being made and the effective date of the changes. All parties should sign the amendment, ensuring that everyone has agreed that these changes have been made. You could use a template for your contract amendments.
What's the difference between an addendum and an amendment? An addendum is attached to a contract to create additional terms, and an amendment changes the terms within an existing contract.