{"ok":true,"canonical_url":"https://dealroom.so/glossary/addendum","api_url":"https://dealroom.so/api/public/glossary/addendum","data_freshness":{"sba_records_through":"2026-05-31","fdic_records_through":"2026-03-31","dealroom_last_updated":"2026-06-15","timezone":"America/Chicago"},"source_summary":["Public SBA 7(a) loan records","FDIC institution data","DealRoom lender and franchise enrichment"],"term":{"slug":"addendum","term":"Addendum","group":"People and paperwork","definition":"A document added to an existing contract to modify, clarify, or add new terms without rewriting the entire original agreement. You might use an addendum to adjust an LOI or purchase agreement during negotiations.","what_it_means":"During a deal, an addendum is common to reflect changes identified during due diligence, such as a price adjustment or new closing conditions. Ensure all parties sign and date any addenda to make them legally binding. It's a critical tool for formalizing changes without delaying the deal.","url":"https://dealroom.so/glossary/addendum","official_sources":[],"related":[{"slug":"loi","term":"LOI","url":"https://dealroom.so/glossary/loi"},{"slug":"loan-agreement","term":"Loan agreement","url":"https://dealroom.so/glossary/loan-agreement"},{"slug":"lease-agreement","term":"Lease agreement","url":"https://dealroom.so/glossary/lease-agreement"},{"slug":"non-compete","term":"Non-compete","url":"https://dealroom.so/glossary/non-compete"}],"related_questions":[{"question":"If a franchise agreement is listed on the SBA Franchise Directory but has an addendum or rider, how does a lender assess its eligibility?","url":"https://dealroom.so/for-lenders/questions/if-a-franchise-agreement-is-listed-on-the-sba-franchise-directory-but-has-an-addendum-or-r"}]},"caveats":["Definitions represent DealRoom's plain-English interpretation for buyers; verify regulatory terms against the official SBA and eCFR sources listed.","Not legal, tax, or financial advice, and not an SBA eligibility determination."],"citation":{"label":"DealRoom.so Glossary — Addendum","url":"https://dealroom.so/glossary/addendum","source_type":"DealRoom Data"}}