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Additional signature

today we're talking about form additional signature addendum form asa as you can see on the screen here screen here okay this document is used when there are not enough signature blocks for all parties signed on another document such as a purchase agreement disclosure counter offer or lease for example most purchase agreement and disclosure forms contain signature blocks for two principles on either side of the transaction often more than two persons will already be on title or intend to acquire the property for sale in such a case this form will be helpful because unless the power of attorney is being used all parties need to sign to create a binding document the definitions paragraph from the car contracts permits the contracts to be signed in counterparts thus all signatures do not have to appear on the same physical piece of paper after each signature block on the asa form there are optional initial blocks to demonstrate whether the person who signs also agrees or does not agree to certain paragraphic for certain paragraphs in the underlining lying document these paragraphs concern arbitration of disputes and liquidated damages agreement to one does not result in agreement of the other california law requires arbitration clauses in real estate contracts to be separately signed or initialed in order to be binding similarly california law requires liquidated damage clauses in real estate contracts to be separately signed or initialed and here's the sections they're talking about thank you for watching as always give me a call with any questions have a great day