Missouri Addendum to Contract for Sale and Purchase of Real Property

State:
Multi-State
Control #:
US-03209BG
Format:
Word; 
Rich Text
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Description

An addendum is a thing to be added; an addition. For example, it may be used to add supplemental terms or conditions to a contract or make corrections or supply omissions to a document. An addendum is often used to supply additional terms to standardized contracts, such as leases. Addendum is singular; the plural form is addenda.

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FAQ

The addendum should detail all the terms different from the original purchase agreement: changes, alterations, deletions, and additions the document is making to the original contract. Furthermore, the addendum should reference the specific section or provision number in the contract affected by the change.

While an amendment alters the core terms of the contract, an addendum provides supplementary information without changing the original content.

In order for a contract addendum to be legally enforceable, all contracts must be properly executed with intent ? indicating that all parties involved are fully aware of the new scope and are actively agreeing to it.

The addendum should detail all the terms different from the original purchase agreement: changes, alterations, deletions, and additions the document is making to the original contract. Furthermore, the addendum should reference the specific section or provision number in the contract affected by the change.

For example, ?This Addendum amends the Agreement dated [DATE] between [PARTY 1 NAME] and [PARTY 2 NAME].? Clear and specific language outlining the changes, clarifications or additions being made. This should leave no ambiguity regarding how the original contract is being modified.

Common addendums include contingencies such as home inspections or the sale of the buyer's house, as well as including certain items, like furniture.

An addendum is used to clarify and add things that were not initially part of the original contract or agreement. Think of addendums as additions to the original agreement (for example, adding a deadline where none existed in the original version).

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Missouri Addendum to Contract for Sale and Purchase of Real Property