Addendum To Contract Agreement

CONSIDERING that the parties undertake to modify their obligations under the existing contract and to other valuable considerations whose receipt and suitability are confirmed, the parties undertake to respect, respect and honour the following commitments, conditions and arrangements: additions and amendments to contracts often contain critical details with regard to payment or performance. Too often, these important elements of the treaty are misused or neglected. Learn when to use an addendum and when a change is more appropriate. Use an addendum to add information that was agreed after the parties agreed on the terms of the contract. For example, in real estate contracts, an endorsement can be used to add a spouse as a co-owner to a sales contract. .