Amending a contract by using an addendum to the original contract
A contract can be amended by using an addendum to the original contract. A contract addendum, an agreed-upon addition to the original contract that is signed by all parties, will detail the precise terms, clauses, sections and definitions that will be changed in the original contract without invalidating its full force and effect.
When writing an addendum to the original contract
Contract addendums must be written carefully to ensure that all parties are aware of changes to the contract and will abide by the modified agreement. In order to effectively write a contract addendum, it is necessary to only change the terms that all parties have agreed upon without creating loopholes or inadvertent consequences in the agreement as it is written. It is also vital that changes in one definition or term do not affect the meaning of another by specifying what certain terms mean.
How to write an addendum to the original contract
In order to effectively write an addendum to a contract, the same typeface, margins and font size should be used, and it should be clearly titled, ‘Addendum to _____ of (date)’. The addendum should also list the parties in the original contract and the date the addendum is set to take effect. The addendum should state the terms of the original contract that it alters, and may use strikethrough and bold styles to highlight the added and removed terms. All changes to the original contract should be detailed in the document. The addendum to the contract must be signed and filed by all parties and the original agreement should be attached to the addendum.
Contracts have serious implications; therefore, it is essential to maintain the original meaning of the agreement. When writing an addendum to the original contract, exactitude is key, and when in doubt, it may be a good idea to consult with an attorney before signing a final draft.