Contracts
In Vermont, an addendum to a purchase contract must be:
AFiled with the Vermont Real Estate Commission before it is effective
BSigned by all parties to the original contract to be binding✓ Correct
CWitnessed by a notary public
DSubmitted to the lender for approval before signing
Explanation
An addendum modifying the terms of a purchase contract must be signed by all parties who signed the original contract to be binding. Unilateral modifications to a contract are not effective.
Related Vermont Contracts Questions
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