An addendum is an alteration to an existing contract. After signing a binding legal contract, parties make an addendum to alter the terms of the contract either clarifies a portion of the original document or make a change or addition to the original contract term.
Knowledge is the key to success. That is why we have gone to great lengths to get you these business terms and jargon, and explain them in Plain English. Its very easy to comprehend. Learn to understanding and know your business jargon. This will keep you informed among your peers. Bookmark Your business dictionary.