THIS IS A LEGALLY BINDING CONTRACT THAT WILL BECOME FINAL WITHIN THREE BUSINESS DAYS.  DURING THIS PERIOD, YOU MAY CHOOSE TO CONSULT AN ATTORNEY WHO CAN REVIEW AND/OR CANCEL THE CONTRACT. **SEE SECTION ON ATTORNEY REVIEW FOR DETAILS.

ADDENDUM TO CONTRACT TERMS

In reference to Purchase Agreement and Deposit Receipt between:        , the Seller, and      , the Buyer, dated        covering the real property commonly known as:

The Buyer and Seller hereby amend the aforesaid agreement as follows:

All other terms and conditions remain the same.

ATTORNEY REVIEW CLAUSE:

The Buyer or the Seller may choose to have an attorney study this contract.  If an attorney is consulted, the attorney must complete his/her review of the contract within a three-day period.  This contract will be legally binding at the end of this three-day period unless an attorney for the Buyer or the Seller reviews and disapproves of the contract.

Counting the Time:

You count the three days from the date of delivery of the signed Contract to the Buyer and Seller.  You do not count Saturdays, Sundays or legal holidays.  The Buyer and the Seller may agree in writing to extend the three-day period for attorney review.

Notice of Disapproval:

If an attorney for the Buyer or Seller reviews and disapproves of this Contract, the attorney must notify the REALTOR(S) and the other party named in this Contract within the three-day period. Otherwise this Contract will be legally binding as written.  The attorney must send the notice of disapproval to the REALTOR(S) by certified mail, by telegram, or by delivering it personally.  The telegram or certified letter will be effective upon sending.  The personal delivery will be effective upon delivery to the REALTOR(S) office.  The attorney may also, but need not, inform the REALTOR(S) of any suggested revision(s) in the Contract that would make it satisfactory.

Buyer Address:       

Seller Address:      

Listing Broker Address:      

Participating Broker Address:      

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Date