![]() UpCounsel accepts only the top 5 percent of lawyers to its site. If you need help with creating a contract addendum, you can post your legal need on UpCounsel's marketplace. Consult an attorney if you're not sure whether consideration is a requirement since this depends on both state and contract law. ![]() You'll also need to exchange another asset or promise to ensure the addendum has consideration and thus constitutes a valid contract. All parties who signed the original contract must also sign the addendum if one or more parties are unavailable, they can appoint agents who have the authority to sign on their behalf. Making Sure an Addendum Is EnforceableĪ contract addendum cannot be legally enforced unless both parties fully understand the new terms and agree to them in writing. However, they do require the mutual assent of all parties. The Uniform Commercial Code (UCC) governs purchase contracts and does not require that a contract addendum include consideration. Make sure that the addendum complies with applicable laws, which are usually found at the state level. Review the original contract and look for terms that prohibit addendums, allow one party to change the contract without the other party's consent, or otherwise provide requirements for addendums. Many contracts provide specific circumstances under which terms are modifiable.
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