An addendum is an addition to a document that modifies or clarifies a specific part of the original work. It is added before the document is executed and becomes part of it. Addendums are commonly used in legal contracts, real estate transactions, and construction. They are signed by the parties involved and are different from amendments, which are added after the document is submitted.
An addendum is an addition to a text, such as a document, publication or book, which modifies, clarifies or adds a specific part of the original written work. One of the most important aspects of this addition is that it is added before the document is executed. Once added, it becomes part of the original document.
Addendums are often used with legal contracts to add or specify terms to the contract. Real estate transactions commonly use them to specify financial or home inspection requirements to secure a mortgage. A renter can sign one to the lease if special rules apply to him, such as conditions for allowing him to have a pet. In construction, an addendum can be used during the initial offer to further clarify what will be delivered through the contract.
When this addition is added to a contract, it is normally signed in the presence of a witness, just like the original contract. It can also be authenticated in some cases. By signing, the parties involved declare that they accept the agreements as outlined. In other cases, a signature may not be required, as the document is not a contract. In architecture, for example, it could contain drawings that clarify or modify a project. A book may contain an addendum that further explains parts of it, such as an appendix.
Sometimes, this article is confused with an amendment, but they are two different kinds of additions. The main difference is that an addendum is added before the document runs, while an amendment is added after. The addendum is agreed, signed if it is part of a contract, and submitted as part of the original document. An edit can be added anytime after the original document is submitted and is usually used to make changes to the original document. Therefore, the two terms have specific uses of their own and are not interchangeable.
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