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CONTRACT ADDENDUM
THIS CONTRACT ADDENDUM dated this ________ day of ________________, ________
BETWEEN:
_________________________
OF THE FIRST PART
- AND-
OF THE SECOND PART
IN CONSIDERATION OF the Parties agreeing to amend their obligations in the existing Contract, and other valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Parties agree to keep, perform, and fulfill the promises, conditions and agreements below:
IN WITNESS WHEREOF the Parties have duly affixed their signatures under hand and seal on this ________ day of ________________, ________.
_______________________________WITNESS: ______________________
_____________________________________________________(Party)
A Contract Addendum is also known as a/an:
An amendment is a minor change made to a document, such as a correction, deletion, or addition. A Contact Addendum is a written record of the change(s).
If you need to change specific terms, it is often easier to amend a contract than to create a whole new one. Putting the changes in writing as a separate document to the original contract or agreement using a Contract Addendum can prevent confusion or future misunderstandings.
Most contracts can be amended if the parties agree to the changes. You can amend:
A contract may need to be amended to reflect a change in law, but more often, it is to accommodate the needs of one or both parties.
A Contract Addendum is often used to modify:
LawDepot's form allows you to make up to five amendments in a single Contract Addendum. When writing your amendments, be sure to reference the section or clause of the original contract that is being altered, and to use clear, simple language.
Your amending document should provide the names of the parties (individuals or corporations) to the contract, and information about the original contract, including why it was created and when it came into effect. In addition, you should state whether the contract has previously been changed (if you've already amended it several times, you might consider creating a new contract).
A legally binding contract between two or more parties can only be altered with the mutual consent of everyone involved. The parties can acknowledge their consent by signing the Contract Addendum.
A Contract Addendum allows you to make small changes without having to create an entirely new contract. Therefore, any terms that haven't been modified in the Contract Addendum remain in place.
Note: Your initial answers are saved automatically when you preview your document.This screen can be used to save additional copies of your answers.
