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The Addendum To Add Buyer To Contract is a essential legal document used in South African property and contract transactions when an additional buyer needs to be incorporated into an existing agreement. This document is commonly required in situations such as marriage, business partnerships, or when additional investors join a property purchase. It must comply with various South African legislative requirements, including the Alienation of Land Act, Consumer Protection Act, and where applicable, the National Credit Act. The addendum specifies the new buyer's details, their rights and obligations, and typically includes provisions for joint and several liability. It's particularly important in property transactions where proper registration and transfer of rights must be maintained in accordance with the Deeds Registries Act.

1. Parties: Identification of all parties including the original parties and the new buyer being added to the contract

2. Background: Reference to the original agreement, its date, and parties, and the intention to add a new buyer

3. Definitions: Key terms used in the addendum, including references to defined terms in the original agreement

4. Addition of New Buyer: Formal addition of the new buyer and specification of their role in the agreement

5. Rights and Obligations: Confirmation that the new buyer assumes all relevant rights and obligations under the original agreement

6. Joint and Several Liability: Statement regarding the joint and several liability of all buyers under the agreement

7. Original Agreement: Confirmation that all other terms and conditions of the original agreement remain unchanged

8. Effective Date: Specification of when the addition of the new buyer becomes effective

9. Governing Law: Confirmation that South African law governs the addendum

10. Signatures: Execution block for all parties including witnesses as required by South African law