An Addendum To Bill Of Sale is commonly used when parties need to modify terms of an existing sale transaction without creating an entirely new agreement. This document is particularly useful when circumstances change after the original bill of sale is executed, such as adjusting the price, updating property descriptions, or adding new terms. In the United States, these addenda must comply with both federal regulations (such as the Uniform Commercial Code) and state-specific requirements. The addendum becomes legally binding when properly executed and should clearly reference the original bill of sale it modifies.
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1. Identification of Original Bill of Sale: Reference to the original document being modified, including date and parties
2. Purpose of Addendum: Clear statement of why the addendum is being created
3. Modifications: Specific changes or additions to the original bill of sale
4. Integration Clause: Statement that all other terms of original bill remain in effect
5. Execution: Signature blocks and date of addendum
1. Additional Terms: New terms not covered in original bill, used when expanding scope of the agreement
2. Price Adjustments: Changes to original purchase price and payment terms
3. Property Description Updates: Revised or additional property details when modifying the scope of items being sold
1. Schedule A - Modified Property Description: Updated details and specifications of property being sold
2. Schedule B - Revised Price Schedule: Modified payment terms or price adjustments if applicable
3. Schedule C - Additional Terms and Conditions: New or modified terms specific to the transaction
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