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A contract addendum is a post-contract attachment that modifies, alters, or totally changes some of the terms of a previously established contract. Typically, this adds something new to a preexisting document.
The key difference between a supplemental agreement and a contract amendment is that the first is a separate document that modifies the contract's terms. The original contract remains intact. A contract amendment, on the other hand, involves changing or updating certain parts of the main contract.
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.
An amendment is often an addition or correction that leaves the original document substantially intact. Other times an amendment can strike the original text entirely and substitute it with new language. The U.S. Constitution is one example of the use of amendments.
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.
How to write an addendum to a contract Consider and mirror the language of the original contract. Choose an addendum title. Make clear the parties involved. Clarify the part of the original contract the addendum refers to. Ensure compliance with the original contract and all other relevant regulations.