Contract Amendment & Addendum | Buyer & Seller Agreement

When it comes to business agreements, changes are often required to reflect the evolving needs and circumstances of the parties involved. That's where contract amendments and addendums come in. Rather than creating a brand new contract, these documents enable you to make changes to an existing contract without having to start from scratch. Here at BizzLibrary.com, we offer a professionally drafted contract amendment template that can be used to modify or supplement an existing agreement between a buyer and a seller.

What is a Contract Amendment?

A contract amendment is a document that alters the terms and conditions of a contract. It is typically used when the parties involved want to make changes to an existing agreement, without having to create a brand new contract. The amendment should clearly outline the changes being made and should be signed by all parties involved to signify their agreement to the new terms.

When Do You Need a Contract Amendment?

You may need a contract amendment if:

• You want to change the terms of an existing contract, such as payment terms, delivery schedules, or the scope of work.
• You want to add new terms or conditions to an existing contract, such as warranties, indemnification clauses, or termination provisions.
• You want to correct any errors or omissions in the original contract.

What is a Contract Addendum?

A contract addendum is a document used to add new terms or conditions to an existing contract. It is typically used when the parties involved want to supplement an existing agreement with new information. The addendum should clearly outline the new terms or conditions being added and should be signed by all parties involved to signify their agreement to the addition.

When Do You Need a Contract Addendum?

You may need a contract addendum if:

• You want to add new obligations or requirements to an existing contract, such as new work requirements, performance metrics, or compliance obligations.
• You want to clarify any ambiguities in the original contract.
• You want to add new information to the original contract, such as updated contact information or new payment terms.

Get Your Contract Amendment/Addendum Template Now

At BizzLibrary.com, we offer professionally drafted contract amendment and addendum templates in DOCX format. Download our templates today and easily modify your existing contracts to suit your needs. With clear and concise paperwork, you can ensure a sound business relationship with your partners.

Visit our website now to access a comprehensive range of templates, including sales agreements and legal contracts, to help you protect your business interests with confidence.