Contracts
In the Utah REPC, an addendum is used to:
AReplace the original purchase contract
BAdd, modify, or supplement the terms of the original contract✓ Correct
CCancel the contract without penalty
DExtend the buyer's due diligence period automatically
Explanation
An addendum is a document that adds, modifies, or supplements the terms of the original contract. Both parties must sign the addendum for it to be binding. The original contract remains in effect except as modified by the addendum.
Related Utah Contracts Questions
- An addendum to the Utah REPC must be:
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