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Addendum Amendment Template for Switzerland

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Key Requirements PROMPT example:

Addendum Amendment

"I need an Addendum Amendment to extend our existing service agreement with TechServe AG until March 31, 2025, and update the pricing schedule to reflect a 5% increase in monthly service fees."

What is a Addendum Amendment?

The Addendum Amendment is a crucial document used in Swiss business practice when parties need to modify an existing agreement without creating an entirely new contract. This document type is particularly relevant in Switzerland's sophisticated business environment, where contractual relationships often need to evolve to accommodate changing circumstances or business requirements. The Addendum Amendment must comply with Swiss law, particularly the Swiss Code of Obligations, and typically includes details of the original agreement, specific modifications being made, and confirmations that other terms remain unchanged. It's commonly used when parties need to update pricing, extend terms, modify scope of services, or add new provisions to their existing agreement. The document's structure ensures that changes are clearly documented and legally enforceable under Swiss law while maintaining the continuity of the business relationship.

What sections should be included in a Addendum Amendment?

1. Title and Date: Clearly identifies the document as an Addendum Amendment to the original agreement, including the effective date of the amendment

2. Parties: Lists all parties to the original agreement, including their full legal names, addresses, and any registration details

3. Background: References the original agreement (including its date and parties) and briefly explains the reason for the amendment

4. Definitions: Defines key terms used in the amendment, including reference to definitions in the original agreement

5. Amendments: Clearly lists all modifications to the original agreement, specifying which clauses are being amended, deleted, or added

6. Effect on Original Agreement: Confirms that all other terms of the original agreement remain in full force and effect except as modified by this amendment

7. Governing Law: Reconfirms Swiss law as the governing law of both the amendment and the original agreement

8. Execution: Signature blocks for all parties, including date and place of signing

What sections are optional to include in a Addendum Amendment?

1. Recitals: Additional background information when complex circumstances led to the amendment

2. Interpretation: Specific rules for interpreting the amendment in conjunction with the original agreement, used when there are complex changes

3. Representations and Warranties: Additional confirmations from the parties if the amendment involves significant changes to obligations

4. Conditions Precedent: Include when the amendment's effectiveness depends on certain conditions being met

5. Costs: Allocation of costs related to the preparation and execution of the amendment, if relevant

What schedules should be included in a Addendum Amendment?

1. Schedule of Amendments: Detailed list of specific changes to the original agreement, particularly useful for complex or numerous modifications

2. Amended and Restated Clauses: Full text of amended clauses in their final form

3. Comparison Version: Blackline showing changes against the original agreement text

4. Required Approvals: Copies of any third-party or regulatory approvals required for the amendment

Authors

Alex Denne

Head of Growth (Open Source Law) @ 黑料视频 | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

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Financial Services

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