Addendum

An addendum is a supplementary document attached to a contract that modifies, clarifies, or adds terms to the original agreement without replacing it.

ElementDescription
AttachmentSeparate document
TimingAdded after initial contract
BindingLegally enforceable
SignaturesRequired from all parties
Common Use CasesApplication
Price adjustmentsChanges to purchase price
Timeline extensionsCompletion date modifications
Specification changesUnit modifications
Payment termsRevised payment schedules
Additional conditionsNew requirements or clauses

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