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The mistake will render the contract void if it robs it of all substance. Mutual mistake (where the parties are at cross-purposes with one another). If, from the parties' words and conduct, only one possible interpretation of what was agreed can be deduced, the contract will still be valid. Otherwise it will be void.

The spelling errors, once corrected, would need to ?materially alter? the terms of the contract. And even then, the contract would be ?voidable,? meaning one party to the contract would have to take action to actually void the contract based on the spelling errors.

If it is in a document that has not been executed (signed), a pen-and-ink change with initials is usually sufficient. In this word processing era, print out a corrected page(s). If it is something already executed, if the misspelling is obvious and non-critical (recieve instead of receive, for instance, just leave it.

As public records, contract forms adopted by the Texas Real Estate Commission are available to any person. Real estate license holders are required to use these forms. However, TREC contract forms are intended for use primarily by licensed real estate brokers or sales agents who are trained in their correct use.

If you enter into a contract, you and the other party are bound to the terms of that contract. If you and the party both sign a contract with typos, then you are both bound to the terms of the contract, typos and all.

If you have entered a business contract which does not accurately reflect the terms that were agreed, or which contains a fundamental error or misunderstanding, then it may be possible for you to apply to the court to have the contract amended or declared void.