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ADDENDUM NO to REAL ESTATE PURCHASE CONTRACT THIS Form
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People also ask
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What is addendum no?
What is an addendum? A contract addendum is a post-contract attachment that modifies, alters, or changes some of the terms of a previously established contract. Typically, this adds something new to a preexisting document. Once all parties in a contract agree to an addendum, it becomes a part of the new contract.
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What is the purpose of an addendum to a contract?
A contract addendum is an additional document that is attached to the original contract. It is used to include supplementary information, such as additional terms, conditions or provisions. Unlike an amendment, a contract addendum does not modify the existing terms of the contract, but rather it expands upon them.
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What is the addendum to a contract agreement?
The most common addendum is an attachment or exhibit at the end of such a document. For example, a contract to manufacture widgets may have an addendum listing the specifications for said widgets.
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What is an example of an addendum?
While addendums are legally binding once signed, notarization may be required in some cases for added legal strength. Notarization ensures that: The identities of the signers are verified. The signatures are legitimate and made willingly.
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What is an addendum to a real estate contract?
An addendum is a separate document that's added to an existing contract. It's used to include additional information or clarify certain terms without altering the original agreement. An amendment, on the other hand, is a change that's made directly to the original contract.
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