Get Addendum To Vendor Agreement Non-pro Distribution - Finra

Consider amendments as changes to the original agreement (for example, extending a previously agreed-upon deadline). An addendum to a contract is a document attached to the original contract that outlines the additions that will be included in the contract. The initial contract is not altered or replaced by addendums.

For example, “This Addendum amends the Agreement dated [DATE] between [PARTY 1 NAME] and [PARTY 2 NAME].” Clear and specific language outlining the changes, clarifications or additions being made. This should leave no ambiguity regarding how the original contract is being modified.

An addendum is an addition to a finished document, such as a contract. The most common addendum is an attachment or exhibit at the end of such a document. For example, a contract to manufacture widgets may have an addendum listing the specifications for said widgets.

Addendums are attachments to original contracts that alter the original terms and conditions of the contract. Addendums can be used to alter standard contracts, make adjustments if situations have changed since the original contract was signed, or if the original signers come to a different arrangement.

Instead of writing a completely new contract, it's possible to use a contract addendum. With a contract addendum, you can add new clauses without nullifying the contract. As it's legally binding too, an addendum can alter any terms of the contract and conditions contained in the original agreement.

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).

Always put a contract amendment in writing and make sure both parties sign and date it. Reference the title of the contract, if applicable; its original parties; and original signing date, so that it is clear what document you are amending. Attach the amendment to the original contract.