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Addendum To Existing Contract Template for Saudi Arabia

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Key Requirements PROMPT example:

Addendum To Existing Contract

"I need an Addendum to Existing Contract to modify our supply agreement with a Saudi distributor, extending the term by 3 years until March 2025 and updating the pricing schedule to account for new product lines."

Document background
The Addendum To Existing Contract is a crucial legal instrument used in Saudi Arabian business practices when parties need to modify their existing contractual relationships without creating an entirely new agreement. This document type is particularly relevant when circumstances require amendments to specific terms, such as scope of work, pricing, timeline, or other contractual obligations, while maintaining the fundamental structure of the original agreement. It must comply with Saudi Arabian law, including Sharia principles and commercial regulations, and typically requires proper authentication and documentation. The addendum should be drafted in both Arabic and English when dealing with international parties, with the Arabic version typically prevailing. This document type is commonly used across various industries and is essential for maintaining up-to-date, legally compliant contractual relationships in the Saudi Arabian market.
Suggested Sections

1. Parties: Identification of all parties to the original agreement and addendum

2. Background: Reference to the original agreement, its date, and brief context for the modification

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

4. Amendment Details: Specific modifications to the original agreement, clearly stating what is being changed, added, or removed

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

6. Governing Law: Confirmation of Saudi law and Sharia principles as governing law

7. Execution: Signature blocks and formal execution requirements under Saudi law

Optional Sections

1. Recitals: Additional context or whereas clauses explaining the business need for the modification - used when complex changes need detailed explanation

2. Consideration: Statement of consideration if the amendment involves new or modified payment terms

3. Effective Date: Specific section on when the modifications take effect - used when implementation date differs from signing date

4. Regulatory Compliance: Additional compliance statements if the modification relates to regulated activities or government contracts

5. Translation Clause: Required when the addendum is bilingual Arabic/English, specifying which version prevails

6. Notice Details: Updated notice details section - only needed if contact information or notice requirements are changing

Suggested Schedules

1. Schedule of Amendments: Detailed listing of specific clauses being modified, showing original and new text

2. Updated Price Schedule: If the modification involves price changes, detailed revised pricing information

3. Revised Timeline: If the modification affects project timelines or delivery dates

4. Authorization Documents: Copies of corporate authorizations or powers of attorney required under Saudi law

5. Arabic Translation: Official Arabic translation if the original document is in English

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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