Addendum to Settlement Agreement

Add a full agreement clause. Such clause may contain language indicating that all prior agreements are incorporated into this Agreement; this new agreement constitutes the entire agreement between the parties and replaces all previous agreements; and any change or modification must be in accordance with a written document signed by all parties. Forward the amendment to the other party for review and signature with the original settlement agreement. Design the agreed changes and add a reference to the original settlement agreement. A simple example: “The parties agree to amend the settlement agreement as follows.” Title the new document to make it clear that there is a change to the original settlement agreement. A simple example: “Amendment to settlement agreement”. Contact the other party and request an amendment to the settlement agreement. Depending on the nature of the proposed amendment, the terms and conditions may require additional negotiations. Since the agreement is contractual, the other party does not have to accept the proposed amendment. The drafting of an amendment to a settlement agreement occurs when the parties agree to an amendment to the original settlement agreement. Often, the process begins with additional negotiations, and when the parties reach a new agreement, a change is worked out. The new agreement replaces the original settlement agreement.

Conduct a “spirits meeting” regarding the amendment of the settlement agreement. If the parties reach an agreement, they can start working on the amendment. Read more: How to Edit a Matrimonial Settlement Agreement Attach the Amendment to the Original Settlement Agreement. Get a copy of the fully executed change that represents your new settlement agreement. Contact a lawyer if you have any questions about drafting or amending the contract. Michael Martin began writing professionally in 2008. He has over 10 years of experience in the insurance industry and writes primarily on legal matters. Martin holds a Juris Doctor from Albany Law School and is admitted to the New Jersey and Pennsylvania Bar.