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Contract 7447ADDENDUM NO. 3 MAY 15, 2017, Installation of New Water Service Lines in Yap hank, Brookhaven and Mastic The following Addendum is issued in anticipation of executing a contract for the

How to fill out addendum to purchase agreement

How to fill out addendum to purchase agreement

1. Begin by reviewing the original purchase agreement and identifying the specific changes or additions that need to be made.
2. Create a new section in the addendum to clearly indicate that it is an extension or modification of the original agreement.
3. Clearly state the parties involved in the agreement, including their names and contact information.
4. Outline the specific changes or additions in a clear and concise manner, using bullet points or numbered lists for easy comprehension.
5. Include any additional terms or conditions that need to be addressed in the addendum.
6. Specify the effective date of the addendum and any deadlines or timeframes that are relevant to the modifications.
7. Ensure that all parties involved in the original agreement fully understand and agree to the changes outlined in the addendum.
8. Sign and date the addendum, obtaining signatures from all parties involved.
9. Make copies of the addendum for all parties to retain for their records.
10. Attach the addendum to the original purchase agreement to create a complete and updated legal document.

Who needs addendum to purchase agreement?

1. Individuals or entities involved in a purchase agreement who wish to make modifications or extensions to the original terms may need an addendum to the purchase agreement.
2. This could include buyers, sellers, agents, or attorneys representing either party.
3. An addendum provides a formal means of altering the original agreement without having to create an entirely new document.

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What is addendum to purchase agreement?

An addendum to a purchase agreement is a document that outlines any additional terms or conditions agreed upon by the buyer and seller after the original agreement has been signed.

Who is required to file addendum to purchase agreement?

Either the buyer or seller can initiate an addendum to a purchase agreement, depending on the circumstances that require additional terms or conditions.

How to fill out addendum to purchase agreement?

To fill out an addendum to a purchase agreement, you should clearly state the additional terms or conditions being added, and ensure that both parties sign and date the document.

What is the purpose of addendum to purchase agreement?

The purpose of an addendum to a purchase agreement is to modify or add terms to the original agreement in order to better reflect the current circumstances of the transaction.

What information must be reported on addendum to purchase agreement?

The addendum should include a clear description of the additional terms or conditions being added, as well as the date and signatures of both parties.