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Addendum for Negotiated Contracts BIM Guidelines NEGOTIATED CONTRACTS ADDENDUM TO USC BIM GUIDELINES VS. 1.6 ADDENDUM #1 Building Information Modeling (BIM) Guidelines V 1.6 (April 18, 2012) FOR DELIVERY

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How to fill out addendum for negotiated contracts

How to fill out an addendum for negotiated contracts:

01

Begin by reviewing the original contract thoroughly to understand its terms and conditions. Pay attention to any sections that need to be clarified or amended.

02

Identify the specific changes or additions that need to be made in the addendum. Clearly state the purpose of the addendum and ensure that it aligns with the main contract.

03

Use clear and concise language to describe each modification or addition. Include relevant dates, names of parties involved, and any necessary references to the original contract.

04

Make sure to include any exhibits or attachments that are required to support the changes being made. These could be additional terms, schedules, or specifications that need to be added to the agreement.

05

Ensure that both parties involved in the contract negotiation review and approve the addendum. Obtain their signatures and date them accordingly.

06

If there are any witnesses or notary public requirements, make sure to follow the necessary steps to validate the addendum.

07

Keep a copy of the addendum along with the original contract for future reference. Notify all parties involved about the changes and provide them with a copy of the addendum for their records.

Who needs an addendum for negotiated contracts?

01

Individuals or businesses that have negotiated changes to the terms of an existing contract may need to create an addendum. This could be due to a change in circumstances, additional provisions required, or the need to clarify certain terms.

02

It is important for both parties involved in the negotiation to agree and have a mutual understanding of the changes being made. By creating an addendum, both parties can document and formalize these modifications to avoid any confusion or disputes in the future.

03

An addendum for negotiated contracts provides legal validity and helps ensure that all parties are aware of and comply with the new terms established through negotiation.

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