A Contract Addendum Template From A to Z
Choosing a contract addendum template is no easy task. You want to make sure it covers everything you want to add to your contract and that it holds up. Not to worry—we’ll dissect the addendum to a contract and help you find the best template. If you want to create legal documents from scratch, you can turn to DoNotPay—the world’s first virtual lawyer that writes contracts in your stead.
What Is an Addendum to a Contract?
A contract addendum is an additional document or an attachment that is added to the initial contract. Typically, the original contract is still in full force and effect, while the addendum only tweaks the specific terms that are described. All involved parties must agree to it and sign it. The purpose of an addendum can be to:
For example, an addendum to a purchase agreement can add a spouse as a co-owner.
Other situations requiring an addendum may include:
- Date adjustment
- Deadline extensions
- Clauses that need to be added or removed
- Specific term or condition that isn't working out for one or more parties
The Difference Between an Addendum and an Amendment
The basic definition of an addendum is that it’s an addition, whereas an amendment is a change. While both the addendum and the amendment modify the original agreement in a sense, there are crucial differences:
Writing a Contract Addendum
Whether you decide to write a contract addendum on your own or you want to check whether a template is good enough, the tips below will come in handy:
|Make a new document in addition to the existing contract||State that you’re adding an addendum to a contract. The two documents must be linked|
|Use the same style to be consistent with the contract||
|Indicate the parties||
|Specify the terms||
|Add a concluding paragraph||A concluding paragraph should safeguard against any unwanted alterations|
|Add a signature block||It should have spaces for both parties to sign with their names and titles|
|Include a notary section if necessary||If the document needs to be notarized, a notary section is required|
What To Keep in Mind Before Creating an Addendum
One of the most important details when attaching an addendum to a contract is to make sure it complies with the original document and its existing terms. This way, it becomes legally enforceable. You should read through your contract and check whether it’s stated that addendums are not allowed or whether there are any requirements or restrictions regarding addendums.
Another vital piece of info to check is whether the addendum complies with the applicable laws. If you’re unsure of your addendum’s legitimacy, you should consult an attorney to be on the safe side.
What To Look Out for When Choosing an Addendum Template
When looking for a contract addendum template, you can either look for a specific one based on the type of contract you want to modify or search for a general one. Both of these come with flaws. A specific template will be easier to change and customize to fit your contract. A general template may require more time to adjust, but it gives you more freedom to add terms you want to include.
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