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Addendum To Contract
"I need an Addendum to Contract to modify our existing supply agreement with ABC Manufacturing Sdn Bhd by updating the pricing structure and payment terms to reflect a 15% increase in unit prices effective March 1, 2025."
1. Parties: Identification of all parties to the original contract who are affected by this addendum
2. Background: Reference to the original contract including its date, parties, and subject matter, and brief explanation of why modification is needed
3. Definitions: Key terms used in the addendum, including reference to definitions in the original contract that remain applicable
4. Amendments: Specific modifications to the original contract, clearly identifying sections being modified and new language
5. Effective Date: When the modifications take effect
6. Continuing Effect: Confirmation that all other terms of the original contract remain in full force and effect
7. Governing Law: Confirmation that Malaysian law continues to govern the contract as modified
8. Execution: Signature blocks for all parties
1. Interpretation: Required when complex modifications need explanation or when modification affects multiple sections of original contract
2. Consideration: Include when there is new consideration being provided for the modification
3. Conditions Precedent: Include when modifications are subject to certain conditions being met
4. Representations and Warranties: Required when modifications involve new commitments or statements of fact
5. Ratification: Include when certain past actions need to be formally approved or confirmed
6. Third Party Rights: Include when modifications affect rights of third parties under the original contract
1. Schedule of Amendments: Detailed table showing original contract clauses and corresponding modifications
2. Updated Price List: If modifications include price changes
3. Modified Deliverables: If modifications affect scope of products or services
4. Revised Timeline: If modifications affect project schedules or delivery dates
5. Supporting Documents: Any additional documents referenced in the modifications
Authors
Manufacturing
Technology
Financial Services
Real Estate
Construction
Healthcare
Energy
Telecommunications
Retail
Logistics
Professional Services
Agriculture
Education
Legal
Procurement
Finance
Operations
Commercial
Compliance
Risk Management
Business Development
Project Management
Contract Administration
Legal Counsel
Contract Manager
Procurement Manager
Business Development Manager
Project Manager
Commercial Director
Chief Financial Officer
Operations Manager
Compliance Officer
Risk Manager
General Manager
Company Secretary
Senior Executive
Managing Director
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