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ADDENDUM TO CONTRACT FOR THE PURCHASE OF PROPERTY WHEREAS, the parties have agreed to the following: 1. The Seller is selling the Property subject to the following: SAMPLE The following is the addendum
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How to fill out addendum to contract
How to fill out addendum to contract:
01
Start by reviewing the original contract thoroughly to understand the terms and conditions that need to be modified or added.
02
Identify the specific changes or additions you want to make in the addendum. Clearly state the new terms or clarify any existing provisions.
03
Prepare a draft of the addendum, using clear and concise language. Include relevant details such as the names of the parties involved, effective date, and any additional terms or conditions.
04
Consult with the other party involved in the contract to ensure they agree with the proposed changes or additions. This may involve negotiation and compromise until both parties reach a mutual agreement.
05
Once both parties are in agreement, revise the addendum accordingly and ensure it accurately reflects the intended modifications or additions.
06
Sign the addendum in the presence of a witness or notary, depending on the legal requirements of your jurisdiction. Ensure that all parties involved legally execute the document.
07
Attach the fully executed addendum to the original contract to make it a legally binding and enforceable document.
Who needs an addendum to a contract?
01
Individuals or businesses involved in a contract who wish to modify certain terms or conditions.
02
Parties who need to clarify or provide additional details regarding specific provisions in the contract.
03
Businesses or individuals who want to add new terms or conditions to an existing contract without having to draft an entirely new agreement.
04
Parties who want to update a contract to comply with changing laws, regulations, or circumstances.
05
Parties who want to resolve any disputes or misunderstandings arising from the original contract by mutually agreeing on modifications through an addendum.
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