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Addendum To Sales Contract
"I need an Addendum to Sales Contract for our manufacturing equipment purchase agreement to modify the delivery schedule and increase the purchase price by 15% due to supply chain issues, compliant with Saudi Arabian law."
1. Parties: Identification of the parties to the original sales contract and this addendum, including their full legal names, addresses, and registration details
2. Background: Brief recital of the original sales contract details, including date of execution, and the reason for this addendum
3. Definitions: Key terms used in the addendum, including references to definitions in the original contract and any new terms introduced
4. Amendments to Original Contract: Specific modifications being made to the original contract, clearly referencing the relevant sections being amended
5. Effect on Original Agreement: Statement confirming that all other terms of the original contract remain in full force and effect except as modified by this addendum
6. Governing Law: Confirmation that Saudi Arabian law governs the addendum, consistent with the original contract
7. Execution: Signature blocks for all parties, including space for witnesses as required under Saudi law
1. Additional Representations and Warranties: Used when the amendments require new or updated representations from either party
2. Consideration: Include when there is a change in payment terms or additional consideration for the amendments
3. Compliance with Shariah: Specific section confirming compliance with Islamic law principles, used when amendments involve financial or interest-bearing elements
4. Notices: Include if there are changes to the notice provisions or contact details of the parties
5. Language: Used when the addendum is bilingual (Arabic/English) to specify which version prevails
6. Electronic Execution: Include when the addendum will be executed electronically, addressing compliance with Saudi Electronic Transactions Law
1. Schedule of Amendments: Detailed list of specific changes to the original contract, including original and amended text
2. Updated Price Schedule: If the amendments involve price changes, a detailed breakdown of the revised pricing
3. Revised Delivery Schedule: If applicable, modified delivery dates or terms
4. Modified Specifications: When changes involve product or service specifications
5. Authorization Documents: Copies of corporate authorizations or powers of attorney required under Saudi law
Authors
Manufacturing
Retail
Construction
Technology
Energy
Healthcare
Automotive
Consumer Goods
Industrial Equipment
Real Estate
Agriculture
Mining
Telecommunications
Legal
Procurement
Sales
Commercial
Compliance
Operations
Supply Chain
Business Development
Contract Administration
Risk Management
Legal Counsel
Contract Manager
Commercial Director
Procurement Manager
Sales Director
Business Development Manager
Compliance Officer
Chief Legal Officer
Supply Chain Manager
Operations Director
Project Manager
Account Executive
General Manager
Chief Executive Officer
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