Contract Addendum

While every addendum is also an amendment because it changes the contract, there are meaningful differences between these two documents. The key difference is that an addendum contains items previously not mentioned in the contract. An amendment addresses existing items in the contract, whereas Contract Addendum is useful when adding new provisions. All in all, addendums are a beneficial tool for a contract in the developmental phase while amendments are practical for contracts previously considered complete and executed. 

The most critical aspect is to make the additions clear and concise. All parties involved must understand the implications of the new additions with respect to the contract. If there is any confusion, consulting a legal expert might be beneficial prior to signing the addendum. 

There are no limits to the number of addendums for any one contract. Throughout the duration of a contract, addendums and amendments can add up. In this regard, it is crucial to always numerate the addendum to indicate the order of the addendums. However, adding too many addendums can make a contract challenging to understand, with potentially conflicting clauses that could lead to the nullification of the contract. At some point, it may be better to create a brand new contract instead. 

The answer is no. You are not to make any formal changes to an existing contract without the consent of all parties to the original agreement. If someone is unavailable to sign the addendum, he or she can appoint an agent to sign the document, who must have appropriately assigned rights to sign the addendum. 

Certain minor breaches of contract do not require an official addendum. These changes are usually a type of consent and waiver in the form of tolerating non-performance by one of the parties. If all parties involved have an understanding of what is considered permissible, this may void the need to create a Contract Addendum.