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An addendum is used to clarify and add things that were not initially part of the original contract or agreement. Think of addendums as additions to the original agreement (for example, adding a deadline where none existed in the original version).

At its most basic, a purchase agreement should include the following: Name and contact information for buyer and seller. The address of the property being sold. The price to be paid for the property. The date of transfer. Disclosures. Contingencies. Signatures.

An amendment allows the parties involved in a real estate transaction to make changes to the original purchase agreement without having to create an entirely new contract. This can include changes to the purchase price, financing terms, contingencies, closing date, repairs, or other terms and conditions.

An addendum is an attachment to a contract that modifies the terms and conditions of the original contract. Addendums are used to efficiently update the terms or conditions of many types of contracts.

If the particular Line Item on the Purchase Order has had no payment activity against it, the Amendment process is straightforward. The Amendment initiator can directly enter the new account information for that line item on the Amendment. Once there has been ANY payment activity against a line item on the PO (even .

A blank addendum form is a document that is used to add or modify terms, conditions, or clauses to an existing agreement or contract. It is typically a separate document that is attached to the original agreement and is used to make changes, amendments, or additions to the original terms.