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Addendum To Memorandum Of Agreement

Addendum To Memorandum Of Agreement Template for India

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Key Requirements PROMPT example:

Addendum To Memorandum Of Agreement

"I need an Addendum to Memorandum of Agreement to modify the payment schedule and extend the project completion deadline to March 15, 2025, for our existing software development agreement with TechPro Solutions Ltd."

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Document background
An Addendum To Memorandum Of Agreement is a critical legal instrument used in Indian business and legal practice when parties need to modify their existing contractual arrangements without drafting an entirely new agreement. This document type is particularly useful when specific terms, conditions, or provisions of an existing Memorandum of Agreement need to be updated, added, or removed, while preserving the overall structure and intent of the original agreement. It must comply with Indian contract law, particularly the Indian Contract Act, 1872, and may require proper stamping under the Indian Stamp Act, 1899. Common situations requiring this document include changes in pricing, timelines, scope of work, or party details. The addendum becomes an integral part of the original agreement and should be maintained with the same level of legal formality.
Suggested Sections

1. Parties: Identification of all parties to the original agreement and addendum, including their legal names, addresses, and any changes in parties if applicable

2. Background: Reference to the original agreement including its date, parties, and purpose; explanation of why the addendum is needed

3. Definitions: Key terms used in the addendum, including references to definitions in the original agreement and any new terms introduced

4. Reference to Original Agreement: Specific citation of the original agreement and confirmation of its continued validity

5. Modifications: Clear statement of all changes, additions, or deletions to the original agreement, with specific reference to relevant sections being modified

6. Effect on Original Agreement: Statement confirming that all other terms and conditions of the original agreement remain in full force and effect

7. Governing Law: Confirmation that the addendum is governed by the same laws as the original agreement (Indian law)

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

Optional Sections

1. Effective Date: Specific section stating when the modifications take effect, if different from the signing date

2. Consideration: Statement of any new consideration being provided, if the modifications involve changes in value or obligations

3. Representations and Warranties: Additional representations if new obligations or commitments are being added

4. Notices: Updated notice provisions if contact details or notification methods have changed

5. Regulatory Compliance: Reference to any regulatory requirements or approvals needed for the modifications

6. Counterparts: Provision allowing execution in multiple counterparts, if needed for practical signing arrangements

Suggested Schedules

1. Schedule of Modifications: Detailed listing of all changes to the original agreement, particularly useful for complex modifications

2. Updated Price Schedule: If the modifications include price changes, detailed breakdown of new pricing terms

3. Revised Timeline: If the modifications affect project timelines or deliverables, updated schedule of dates and milestones

4. Form of Notices: Updated templates for required notices if communication procedures are modified

5. Regulatory Approvals: Copies of any required regulatory approvals or permits related to the modifications

Authors

Alex Denne

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

alex.den.21@genieai.co
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Contract Manager

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