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Amendment To Purchase Agreement

Amendment To Purchase Agreement Template for Nigeria

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Key Requirements PROMPT example:

Amendment To Purchase Agreement

"I need an Amendment to Purchase Agreement to modify the delivery schedule and increase the purchase price by 15% for our ongoing supply contract with Nigerian Manufacturers Ltd, with the changes to take effect from March 1, 2025."

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Document background
An Amendment To Purchase Agreement is a crucial document used when parties need to modify specific terms of an existing purchase agreement without creating an entirely new contract. This document type is particularly important in the Nigerian business context, where formal documentation of contract modifications is essential for legal certainty and compliance. It is commonly used when circumstances require changes to pricing, delivery terms, specifications, or other contractual obligations. The amendment must comply with Nigerian contract law requirements, including proper execution, stamping, and potential registration depending on the nature of the modification. This document type helps businesses maintain clear records of their contractual relationships while avoiding the need to renegotiate entire agreements when only specific changes are needed.
Suggested Sections

1. Parties: Identification of all parties to the amendment, matching those in the original Purchase Agreement

2. Background: Recitals explaining the existence of the original Purchase Agreement and the reason for this amendment

3. Definitions: Key terms used in the amendment, including reference to definitions in the original agreement

4. Reference to Original Agreement: Specific details of the original Purchase Agreement including date, parties, and subject matter

5. Amendment Effective Date: The date when the amendments will take effect

6. Specific Amendments: Detailed description of each modification to the original agreement, citing specific sections being amended

7. Ratification: Confirmation that all other terms of the original agreement remain in full force and effect

8. Entire Agreement: Statement that this amendment and the original agreement constitute the entire agreement between the parties

9. Governing Law: Confirmation that Nigerian law governs the amendment

10. Execution: Signature blocks for all parties

Optional Sections

1. Consideration: Required if there is new consideration being provided for the amendment

2. Representations and Warranties: Include if parties need to make new or updated representations regarding the amendment

3. Conditions Precedent: Include if the amendment is subject to certain conditions being met before becoming effective

4. Third Party Consents: Required if the amendment needs approval from parties not directly involved in the agreement

5. Currency Provisions: Include if the amendment involves changes to payment terms or currency

6. Regulatory Compliance: Include if the amendment requires specific regulatory approvals or notifications

Suggested Schedules

1. Schedule of Amendments: Detailed table showing original clause language and new amended language

2. Revised Price Schedule: If the amendment involves changes to pricing or payment terms

3. Updated Specifications: If the amendment involves changes to product or service specifications

4. Consent Documents: Copies of any required third-party consents or regulatory approvals

5. Amended Delivery Schedule: If the amendment involves changes to delivery terms or timeline

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
Relevant legal definitions






























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Relevant Industries

Manufacturing

Retail

Oil and Gas

Technology

Agriculture

Construction

Mining

Healthcare

Telecommunications

Fast-Moving Consumer Goods

Real Estate

Industrial Equipment

Automotive

Relevant Teams

Legal

Procurement

Finance

Commercial

Operations

Supply Chain

Compliance

Sales

Business Development

Risk Management

Contract Administration

Relevant Roles

Procurement Manager

Commercial Director

Contract Administrator

Legal Counsel

Chief Financial Officer

Supply Chain Manager

Business Development Manager

Operations Director

Purchasing Officer

Compliance Officer

Sales Director

General Manager

Project Manager

Finance Manager

Risk Manager

Industries






Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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