An addendum for all contracts or agreements between trustees of institution and any third-party vendor or consultant is a document that is added to an existing contract or agreement to make changes or additions to the original agreement. This type of addendum is used to supplement the original agreement and is legally binding. There are various types of addendum for all contracts or agreements between trustees of institution and any third-party vendor or consultant. These include: • Change of Scope: This type of addendum is used to modify the scope of the project, such as the services or deliverables provided. • Change of Price: This type of addendum is used to modify the price of the agreement. • Change of Terms: This type of addendum is used to modify the terms and conditions of the agreement, such as the start and end date. • Additional Services: This type of addendum is used to add additional services to the agreement. • Interim Payments: This type of addendum is used to modify the payment schedule of the agreement. • Indemnity: This type of addendum is used to provide additional indemnification protection for the trustees of the institution. • Termination: This type of addendum is used to modify the terms of termination of the agreement. • ForcMaturere: This type of addendum is used to provide additional protection for both parties in the event of extraordinary circumstances.