Define: Addendum

Addendum
Addendum
Quick Summary of Addendum

An addendum is a supplementary document attached to a contract, agreement, or other legal instrument that adds or modifies provisions to the original document. It serves to clarify, supplement, or amend the terms of the main document without altering its core purpose or intent. Addendums are commonly used in various legal contexts to address unforeseen circumstances, incorporate additional terms or conditions, or rectify errors or omissions in the original agreement. They must be executed with the same formalities as the main document and are typically signed by all parties involved to indicate their consent to the changes. Addendums provide a flexible mechanism for parties to adjust their contractual obligations without the need to draft an entirely new agreement, ensuring clarity and enforceability in legal relationships.

What is the dictionary definition of Addendum?
Dictionary Definition of Addendum

Addendum (noun): 1. A supplementary or additional document, text, or information that is added to the end of a main document or contract to provide further details, clarification, or updates. Example: The addendum to the lease agreement included new terms regarding the maintenance responsibilities of the tenant. 2. A section or appendix appended to a book, report, or academic paper, containing additional information, references, or supporting materials. Example: The addendum at the end of the research paper included charts, graphs, and statistical data to support the findings. 3. A formal written amendment or modification to a legal or official document, such as a will, contract, or agreement, made after its initial creation or execution. Example: The addendum to the will specified the distribution of the deceased’s personal belongings among the beneficiaries. 4. In general usage, an addendum can refer to any supplementary or additional item or piece of information that is added to an existing document or record. Example: The addendum to the employee handbook included updated policies and procedures that were implemented after its initial publication.

n. an addition to a completed written document. Most commonly this is a proposed change or explanation (such as a list of goods to be included) in a contract, or some point that has been the subject of negotiation after the contract was originally proposed by one party. Real property sales agreements often have addenda (plural of addendum) as the buyer and seller negotiate fine points (how payments will be made, what appliances will be included, date of transfer of title, the terms of financing by the seller and the like). Although often they are not, addenda should be signed separately and attached to the original agreement so that there will be no confusion as to what is included or intended. Unsigned addenda could be confused with rough drafts or unaccepted proposals or included fraudulently.

Full Definition Of Addendum

An addendum is a legal document that is added to an existing contract or agreement to modify or supplement its terms and conditions. It is used when parties to a contract wish to make changes or additions to the original agreement without having to create an entirely new contract. An addendum must be signed by all parties involved and becomes a binding part of the original contract. It is important to ensure that the addendum is clear, specific, and does not contradict any provisions of the original contract. Failure to properly execute an addendum may result in disputes or legal consequences.

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This site contains general legal information but does not constitute professional legal advice for your particular situation. Persuing this glossary does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.

This glossary post was last updated: 29th March 2024.

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