Addendum To Agreement For Sale And Purchase Of Real Estate

Once the seller has fulfilled the agreed conditions, he can receive the remaining funds. A supplement to a contract is used to update or modify an existing contract, which is often the case for business relationships. Cancelling and creating a new contract is not ideal considering the cost and time it would take to make this change. Instead, it`s much easier to maintain the existing contract and use an endorsement to make subtle, even major changes, as you think. .