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An addendum is an attachment to a contract that modifies the terms and conditions of the original contract. Addendums are used to efficiently update the terms or conditions of many types of contracts.
Writing a Contract AddendumName the parties to the contract. Indicate the addendum's effective date, using the same date format used in the original contract. Indicate the elements of the original contract that the addendum intends to change. Concisely but clearly describe the desired changes.
End with an addendum to ensure you always get the last word in Word.Open the Word document to receive the addendum.Scroll to the last part of the document or press the Page Down key.Place the cursor to the right of the last character in the document.Type the word Addendum on the new line.More items...
An example of an addendum being used would be if the parties wanted to add something to the original document. For instance, an individual who is purchasing a house may not want to purchase all of the furniture that is being left behind. However, after thinking about it further, he changes his mind.
Writing a Contract AddendumName the parties to the contract. Indicate the addendum's effective date, using the same date format used in the original contract. Indicate the elements of the original contract that the addendum intends to change. Concisely but clearly describe the desired changes.
As such, addenda may come in many formsa separate letter included with the work, text files on a digital medium, or any similar carrier. It may serve to notify the reader of errors present, as errata.
An addendum to a contract is an additional document that is added to a pre-existing contract to modify the terms of the contract. If written correctly, the intent of the addendum is to empower the original contract in all of its aspects and only modifying the parts of the contract written in the addendum.
Tips for Writing an AddendumEnforceable. Before you write an addendum, you should have an attorney verify it is the correct solution.Formatting. Use the same formatting as the original contract.Language.Title of the Addendum.Date.Specific List of Changes.Concluding Paragraph.Signature Block.More items...?13-Jul-2020
Ideally, an addendum is in the form of a separate signed agreement that is attached to the original contract. Since the purpose of an addendum is commonly clarification, preparing a separately signed document helps to avoid any confusion.
Addenda usually are signed, or at least the form of the addendum is agreed-upon when a contract is signed, and they should be signed separately from the contract itself.