Is an electronic signature legally binding?

Yes. Under the ESIGN Act (15 U.S.C. ch. 96, 2000) and UETA (adopted by 49 states plus DC and territories), electronic signatures are legally equivalent to handwritten ones when intent, consent, attribution, and record retention are satisfied. Exceptions include certain testamentary documents and some court filings.

When is notarization required?

Notarization requirements are state-specific and usually apply to deeds or documents evidencing conveyance; some states also require witnesses. Remote online notarization (RON) is permitted in many states but varies by statute and requires identity proofing and recorded audio-video sessions.

What if names or amounts are incorrect?

Minor clerical errors can be corrected by a signed amendment or corrected addendum executed by all parties. Material changes may require lender approval, reissuance of closing statements, or amended tax reporting; act promptly to avoid funding delays.

Can I use a PKI digital signature?

Yes. Digital signatures using PKI provide stronger non-repudiation and integrity guarantees. ESIGN and UETA accept electronic signatures broadly, while regulated contexts (for example FDA 21 CFR Part 11) may require cryptographic controls or audit mechanisms.

How do I revoke or cancel an addendum?

Revocation or cancellation follows the contract’s amendment and termination clauses. Typically, mutual written agreement signed by all parties is required; unilateral rescission may be possible only where the contract allows or under state contract law.

Are consumer-facing disclosures required?

Yes for consumer-facing financial or healthcare records. ESIGN requires a clear disclosure of the consumer’s right to paper, demonstration of the consumer’s ability to access electronic records, and a mechanism to withdraw consent (see 15 U.S.C. §7001(c)).

Electronic Signature
Templates
Finance
Financial Sales Price Addendum

Financial Sales Price Addendum

This template is fully customizable. Edit the text, fill out the fields, and send it for signature. Give it a try!

FINANCIAL SALES PRICE ADDENDUM

This Financial Sales Price Addendum (the "Addendum") is made effective as of Effective Date: by and between Seller Name: and Buyer Name: . This Addendum amends the Sales Agreement dated Agreement Date: (the "Agreement") between the parties.

1. Purpose

The parties intend by this Addendum to modify the financial terms of the Agreement solely as set forth below. Except as expressly modified by this Addendum, all terms and provisions of the Agreement remain in full force and effect.

2. Original and Amended Price

Original Sale Price: $ Amended Sale Price: $

3. Itemized Price Adjustment

Description	Amount (USD)
	$
	$
	$
	$
Net Adjusted Sale Price	$

4. Deposit and Payment Schedule

Existing Deposit / Earnest Money Additional Deposit Required (if any) Payment Schedule / Due Dates

5. Financing, Concessions and Contingencies

Financing Contingency Applicable: Yes No

If financing applies, specify lender, loan amount, and key terms

6. Taxes, Prorations and Closing Adjustments

Unless otherwise agreed below, all applicable transfer taxes, prorations, and closing adjustments will be allocated and paid in accordance with the Agreement, except as modified herein.

Specific allocations or deviations from Agreement

7. Default, Remedies and Interest

Failure by Buyer to timely deliver required funds under this Addendum shall constitute a default under the Agreement and entitle Seller to pursue all remedies set forth in the Agreement and under law, including retention of deposits and recovery of collection costs and reasonable attorneys' fees. Interest on overdue amounts shall accrue at the lesser of the rate specified in the Agreement or the maximum rate permitted by applicable law.

8. Representations and Authority

Each party represents and warrants that it has full authority to execute this Addendum, that the person signing on its behalf is authorized to bind the party, and that no other approvals are required to effectuate the modifications set forth herein.

9. Integration; Effect of Addendum

This Addendum constitutes the entire agreement between the parties with respect to the subject matter hereof and supersedes prior oral or written understandings to the extent they conflict with this Addendum. Except as expressly modified by this Addendum, the terms and conditions of the Agreement remain unchanged and in full force and effect.

10. Notices

Seller Contact Information Buyer Contact Information

Seller Printed Name:

By:

Date:

Buyer Printed Name:

By:

Date:

What the Financial Sales Price Addendum Is

Financial Sales Price Addendum is an addendum to a sales contract that records agreed financial terms, price adjustments, and payment conditions between buyer and seller. It clarifies the final sales price after allowances, credits, taxes, and financing concessions, documents how and when funds are applied, and allocates responsibility for fees or prorations. The addendum is used alongside a purchase agreement or invoice to ensure transparent financial allocation, reduce disputes, and provide a clear record for accounting, tax reporting, and regulatory compliance in commercial and real estate transactions.

Why a Financial Sales Price Addendum Matters

Records final pricing and payment responsibilities in one concise attachment, reducing ambiguity between parties. It helps accountants, lenders, and closing agents reconcile balances, supports tax reporting, and creates a written basis for dispute resolution and application of credits, fees, or rebates.

Who Typically Completes This Addendum

Parties and roles that use the Financial Sales Price Addendum include buyers, sellers, brokers, lenders, closing agents, and accounting staff.

Real estate buyers and sellers allocating purchase price, credits, and prorations at closing.
Lenders and mortgage brokers documenting financed amounts, seller concessions, and fee responsibility.
Accountants and closing agents reconciling ledgers, tax bases, and post-closing adjustments.

Use the addendum whenever final monetary allocations differ from original contract terms or require explicit written confirmation.

Core Elements Found in a Professional Addendum

Primary components of a Financial Sales Price Addendum define pricing details, allocation rules, payment schedule, adjustments, and signature authority to create a binding financial record.

Agreement Amount

State the final agreed sales price in dollars, show how base price, allowances, credits, taxes, and any seller concessions combine to reach the net amount payable at closing.

Adjustments

List prorations, tax adjustments, repair credits, or rebate amounts and specify calculation method and which party bears each adjustment prior to closing.

Payment Terms

Describe timing, method, escrow instructions, deposit application, financing contingencies, and any holdbacks or conditions for final disbursement of funds.

Itemized Fees

Break out closing costs, third-party fees, broker commissions, title charges, and indicate which costs are prepaid, prorated, or assigned between parties.

Governing Law

Identify the state law governing interpretation and disputes; specify venue and whether arbitration or mediation is required before litigation.

Signatures

Provide signature blocks for all parties with printed names, titles, dates, and witness or notary lines when required by state law or lender conditions.

Essential Data Fields to Include

Buyer Name: Full legal name as on ID

Seller Name: Full legal name or entity

Final Sales Price: Dollar amount in numerals

Effective Date: Enter as MM/DD/YYYY

Payment Schedule: Dates and amounts due

Signatures: All parties sign and date

Step-by-Step: Completing the Addendum

Follow these sequential steps to complete and execute a Financial Sales Price Addendum accurately before closing or invoice finalization.

01

Prepare Draft: Assemble contract and pricing data; draft addendum language.
02

Verify Figures: Confirm allowances, credits, taxes, and lender inputs.
03

Review Parties: Send to buyer, seller, and lender for review.
04

Execute: Collect signatures, notarization if required, and distribute copies.

Configuring an Online Signing Workflow

Configure an online workflow to collect signatures, set field rules, and route the finalized Financial Sales Price Addendum to stakeholders and accounting systems.

Field	Configuration
Signer Authentication	Email verification plus optional SMS code
Conditional Fields	Show repair credits only if ticked
Auto-Fill	Populate fields from contract metadata
Delivery	Email signed PDF to parties and accounting

How Electronic Execution Typically Flows

Typical routing for an electronically completed Financial Sales Price Addendum follows a predictable send-review-sign-store sequence to preserve auditability.

Upload Document: Attach final draft and place required fields.
Add Signers: Assign roles and signing order.
Authenticate: Use email link or SMS code for signer identity.
Complete & Archive: Collect signatures, store PDF, and record audit trail.

Technical and Platform Considerations

Technical requirements for e-submission include PDF-compatible files, reliable internet, and identity verification methods suited to transaction risk.

File Formats: PDF, DOCX, and fillable forms supported
Integrations: CRM/ERP connectors like Salesforce, NetSuite
Auth Methods: Email, SMS, KBA, or SSO

Timing: Deadlines and Scheduling Considerations

Key timing considerations for preparing and filing a Financial Sales Price Addendum center on closing schedules, lender deadlines, tax reporting, and potential notary or witness timing.

Closing Date Alignment:

Finalize addendum before funds disbursement

Lender Submission Deadline:

Provide lender with final pricing prior to funding

Tax Reporting Window:

Ensure amounts reconcile for 1099 and IRS records

Notary/Witness Timing:

Schedule notarization within state-allowed timeframe

Distribution Deadline:

Send executed copies to accounting and closing agent

Common Pitfalls to Avoid

Failing to reconcile line items between the addendum and the purchase agreement, leaving mismatched totals that delay funding, create lender rejections, or cause post-closing disputes.
Leaving vague language for adjustments or using undefined terms like "reasonable" which enables differing interpretations and increases litigation or arbitration risk.
Omitting lender-required figures or failing to obtain lender approval for concessions, resulting in financing falling through or delayed closings.
Incorrect or missing signatures, mismatched party names, or absent notarization where required, leading to unenforceability or administrative rejection.

Consequences of Errors or Omissions

Tax Penalties: Incorrect reporting may trigger IRS penalties

Funding Delays: Lender rejection or hold of funds

Legal Disputes: Breach claims and litigation exposure

Title Issues: Unresolved credits cause title defects

Contract Voidance: Material errors may void clause

Notarization Failure: Invalid if required notarization missing

eSignature Platform Pricing Snapshot for Executing Addenda

Comparative pricing and capability snapshot for popular eSignature platforms relevant to preparing and executing Financial Sales Price Addendum documents.

	signNow	DocuSign	Adobe Sign	PandaDoc	HelloSign
Starting Price	$8/user/mo	$15/user/mo	$14/user/mo	$19/user/mo	$15/user/mo
Free Trial	7-day free trial	Varies	Varies	Varies	Varies
Bulk Send	Yes	Yes	Yes	Yes	No
Audit Trail	Yes	Yes	Yes	Yes	Yes
HIPAA Compliant	Yes	Yes	Yes	No	No

Frequently Asked Questions

Common questions about validity, signatures, notarization, and how to correct errors on a Financial Sales Price Addendum are answered below.

Need help? Contact support

Is an electronic signature legally binding?
Yes. Under the ESIGN Act (15 U.S.C. ch. 96, 2000) and UETA (adopted by 49 states plus DC and territories), electronic signatures are legally equivalent to handwritten ones when intent, consent, attribution, and record retention are satisfied. Exceptions include certain testamentary documents and some court filings.
When is notarization required?
Notarization requirements are state-specific and usually apply to deeds or documents evidencing conveyance; some states also require witnesses. Remote online notarization (RON) is permitted in many states but varies by statute and requires identity proofing and recorded audio-video sessions.
What if names or amounts are incorrect?
Minor clerical errors can be corrected by a signed amendment or corrected addendum executed by all parties. Material changes may require lender approval, reissuance of closing statements, or amended tax reporting; act promptly to avoid funding delays.
Can I use a PKI digital signature?
Yes. Digital signatures using PKI provide stronger non-repudiation and integrity guarantees. ESIGN and UETA accept electronic signatures broadly, while regulated contexts (for example FDA 21 CFR Part 11) may require cryptographic controls or audit mechanisms.
How do I revoke or cancel an addendum?
Revocation or cancellation follows the contract’s amendment and termination clauses. Typically, mutual written agreement signed by all parties is required; unilateral rescission may be possible only where the contract allows or under state contract law.
Are consumer-facing disclosures required?
Yes for consumer-facing financial or healthcare records. ESIGN requires a clear disclosure of the consumer’s right to paper, demonstration of the consumer’s ability to access electronic records, and a mechanism to withdraw consent (see 15 U.S.C. §7001(c)).

be ready to get more

Join over 28 million airSlate SignNow users

Sign Now