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ADDENDUM to Sales Contract This is an addendum to the sales contract dated between (Seller), and (Buyer), whereby Seller has agreed to sell and Buyer has agreed to purchase the real estate (the ,

How to fill out addendum to sales contract

1. Before filling out an addendum to a sales contract, it is important to understand what an addendum is. An addendum is a document that is added to the existing sales contract to make changes or add additional terms and conditions.
2. Start by reviewing the existing sales contract thoroughly. Understand the terms and conditions set forth in the original contract.
3. Clearly identify the changes or additions you want to make in the addendum. It could be modifying the purchase price, changing the payment terms, adding contingencies, or any other changes that both parties have agreed upon.
4. Include a clear and concise title for the addendum. This will help distinguish it from the original contract and make it easier to refer to in the future.
5. Write down the specific changes or additions in a clear and detailed manner. Include all necessary details such as dates, amounts, and any other relevant information.
6. Specify the effective date of the addendum. This is the date from which the changes will take effect.
7. Include the names and signatures of all parties involved in the addendum. This ensures that all parties are aware of and agree to the changes being made.
8. It is recommended to have legal advice or consult an attorney when filling out an addendum to ensure that all legal requirements are met and to avoid any potential issues in the future.

Who needs an addendum to a sales contract?

1. Buyers and sellers who have agreed to modify or add terms to the existing sales contract.
2. Parties who want to make changes to the purchase price, payment terms, contingencies, or any other terms and conditions in the original contract.
3. Anyone who wants to ensure clarity and avoid disputes by documenting changes to an existing sales contract.

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