While the terms “contract amendment” and “contract addendum” are often used interchangeably, they actually refer to different types of contractual changes.
A contract amendment is used when the parties want to modify the terms of an existing legal agreement. For example, the parties may agree to extend the original term of the contract using an amendment, or they may change the agreed-upon price or quantity for goods and services governed by the agreement. In contrast, a contract addendum may be used when all of the terms in the existing contract still apply, but the parties want to add language to the existing contract.
Can't find what you are looking for?
Contact us here.