It’s not uncommon for an existing contract to require a revision. In many cases, more than one revision. Circumstances can change quickly, and amenable agreements should reflect that. When dealing with a few minor changes, there is no need to create an entirely new contract. If there are a few new items to be added to the contract, what you need is a Contract Addendum. This is a useful document when you want to add entirely new clauses to an existing agreement.
What Is a Contract Addendum?
A Contract Addendum is a separate document that becomes incorporated into an existing contract. You do not physically change the previously signed contract but offer new additions in the form of an addendum.
Contract Addendums are often used when people need to add specific terms to a contract. These can be as minor as deadline extensions or significant changes. When creating a Contract Addendum, it’s essential to use a title indicating the relationship between the addendum and the existing contract. It is recommended to use formatting consistent with the original agreement.
Other Names for Contract Addendum
Depending on your state, a Contract Addendum may also be known as:
- Agreement Addendum
- Amending Agreement
- Addendum
- Addendum to the Contract
Who Needs a Contract Addendum?
Contract Addendums are necessary when all parties agree to additional terms. It is always preferable to put things in writing when making changes to an original contract.
Why Use 360 Legal Forms for Your Contract Addendum?
Customized for you, by you
Create your own documents by answering our easy-to-understand questionnaires to get exactly what you need out of your Contract Addendum.
Specific to Your Jurisdiction
Laws vary by location. Each document on 360 Legal Forms is customized for your state.
Fast and easy
All you have to do is fill out a simple questionnaire, print, and sign. No printer? No worries. You and other parties can even sign online.
How to Create a Contract Addendum With 360 Legal Forms?
A Contract Addendum can be as straightforward or as complex as you need it to be.
Let 360 Legal Forms help with our extensive library of attorney-vetted legal forms. The process is fast and easy. All you have to do is fill out our easy-to-understand questionnaire. Once complete, simply download your form as a PDF or Word document from your secure online account.
What Information Will I Need to Create My Contract Addendum?
To create your document, please provide:
- Names of the Parties: The legal names and contact information of all parties in the contract.
- The Effective Date: The date when the addendum is to go into effect.
- Original Contract: A reference to the original agreement by date and title.
- Addendum: Describe the content of the addition.
- Governing Law: The state law of concern.
- Concluding Paragraph: Explains this particular addendum cannot be changed once executed.
- Signatures: All parties must sign the addition.
Contract Addendum Terms
- Addendum: An official addition to an existing contract or agreement
- Amendment: A formal change to a legal document
- Waiver: The voluntary surrender of a specific right or claim
- Adhesion Contract: A type of contract where one party has more power than the other
- Nullification: The act of one aspect canceling another in contract law
- Appendix: Supporting documentation (e.g., bank statement) that doesn’t change the terms of the contract
- Rider: An overriding addition to the agreement (e.g., insurance policy)
Contract Addendum Signing Requirements
All parties to the original contract must sign the Contract Addendum to make it enforceable. Notarization or witness signatures are not required.
What to Do With Your Contract Addendum?
When you are done creating your Contract Addendum on 360 Legal Forms, download it, print out a copy, and get it signed, dated, and sealed. The executed Contract Addendum must be attached to the original contract.
