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Addendum To Agreement Of Sale
"I need an Addendum to Agreement of Sale for a manufacturing equipment purchase in Saudi Arabia, where we're modifying the delivery schedule and increasing the purchase price by 15% due to supply chain issues, with the changes to take effect from March 1, 2025."
1. Parties: Identification of all parties to the original agreement and the addendum
2. Background: Reference to the original Agreement of Sale, its date, and purpose for the addendum
3. Definitions: Key terms used in the addendum, including reference to definitions in the original agreement
4. Amendment Details: Specific modifications being made to the original agreement, clearly stating both original and new terms
5. Effect on Original Agreement: Statement confirming all other terms of the original agreement remain in full force and effect
6. Governing Law and Jurisdiction: Confirmation of Saudi law governance and Sharia compliance
7. Execution: Signature blocks and execution requirements compliant with Saudi law
1. Consideration: Required if the amendment involves any new or modified financial terms
2. Regulatory Compliance: Include when amendments relate to regulated industries or require specific regulatory approvals
3. Third Party Consents: Include when amendments require approval from additional parties not part of the original agreement
4. Representations and Warranties: Include when amendments involve new commitments or changes to existing warranties
5. Effective Date: Include when amendment effective date differs from execution date
6. Language: Include when document is bilingual Arabic/English to specify controlling language
1. Schedule of Amendments: Detailed list of specific clauses being modified, showing original and new text
2. Updated Price Schedule: If amendment involves price changes, detailed breakdown of new pricing
3. Regulatory Approvals: Copies of any required regulatory approvals or permits related to the amendment
4. Consent Documents: Copies of third-party consents or approvals if required
5. Revised Technical Specifications: If amendment involves changes to technical aspects of the sale items
Authors
Retail
Manufacturing
Real Estate
Construction
Technology
Automotive
Energy
Healthcare
Agriculture
Mining
Consumer Goods
Industrial Equipment
Telecommunications
Legal
Procurement
Sales
Compliance
Finance
Operations
Risk Management
Commercial
Business Development
Contract Administration
Legal Counsel
Contract Manager
Commercial Director
Procurement Manager
Sales Director
Business Development Manager
Compliance Officer
Chief Financial Officer
General Manager
Operations Director
Project Manager
Risk Manager
Company Secretary
Chief Executive Officer
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A legal document under Saudi Arabian law that modifies an existing contract while maintaining Sharia compliance and enforceability.
Addendum To Agreement Of Sale
A Saudi Arabian law-governed document that modifies an existing Agreement of Sale, ensuring compliance with local regulations and Sharia principles.
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