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CONTINGENCY ADDENDUM This form approved by the Minnesota Association of REALTORS, which disclaims any liability arising out of use or misuse of this form. 2007 Minnesota Association of REALTORS, Edina,
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How to fill out a contingency addendum - Steve:

01
Review the blank contingency addendum form carefully to understand its contents and purpose.
02
Begin by filling in the date on the top-right corner of the addendum form.
03
Identify the parties involved in the contract or agreement, including their legal names and contact information. Make sure to include Steve's information as well.
04
Specify the relevant contract or agreement to which the contingency addendum is being added. This could be a real estate purchase agreement, a business contract, or any other applicable document.
05
Clearly state the contingency or condition that needs to be added to the original agreement. This could include provisions related to inspections, financing, or any other specific requirement.
06
Provide a brief description or explanation of the contingency or condition being added. Be concise but ensure that the meaning is clear to all parties involved.
07
Determine the timeline or deadline for the contingency to be met. This may involve a set number of days or specific dates.
08
Decide what consequences or actions will take place if the contingency is not met within the specified timeframe.
09
Include any additional terms or conditions that are relevant to the contingency addendum. This could include clauses related to waivers, amendments, or dispute resolution.
10
After completing the addendum form, review it carefully to ensure accuracy and clarity. Make any necessary changes or edits before finalizing the document.
11
Sign and date the contingency addendum, and ensure that all other parties involved also sign and date the document.
12
Keep a copy of the contingency addendum for your records.

Who needs a contingency addendum - Steve:

A contingency addendum may be needed in various situations where additional conditions or contingencies need to be added to an existing contract or agreement. It is typically utilized in real estate transactions when certain events must occur or conditions must be met for the contract to proceed. Steve, as a party involved in such a transaction, may need a contingency addendum to ensure that his requirements and expectations are properly documented and addressed. Whether it is related to inspections, financing, or other specific contingencies, a contingency addendum can help safeguard Steve's interests and provide clarity to all parties involved in the agreement.
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Contingency addendum is a document added to a contract to outline specific conditions that must be met for the contract to be considered valid.
Both parties involved in the contract are required to file the contingency addendum.
The contingency addendum should be filled out by both parties involved in the contract, outlining the specific conditions that must be met.
The purpose of the contingency addendum is to ensure that all parties involved in the contract are aware of and agree to the specific conditions that must be met for the contract to be considered valid.
The contingency addendum must report the specific conditions that must be met for the contract to be valid, along with any deadlines or penalties for not meeting those conditions.
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