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Simple Amendment To Contract
"I need a Simple Amendment To Contract to modify our existing supplier agreement with ABC Corporation, specifically to extend the contract term until March 15, 2025, and update the pricing schedule to reflect a 5% increase in service fees."
1. Parties: Identifies all parties to the original contract who are agreeing to the amendment
2. Background: References the original contract including its date and parties, and briefly explains the need for amendment
3. Definitions: Defines key terms used in the amendment, including reference to definitions in the original contract
4. Amendment Details: Clearly states which specific provisions of the original contract are being amended and how
5. Effect on Original Agreement: Confirms that all other terms of the original contract remain in full force and effect
6. Governing Law: Confirms the governing law remains as Philippine Law
7. Execution: Signature blocks for all parties and execution requirements
1. Effective Date: Include when the amendment takes effect on a different date than the execution date
2. Interpretation: Include when there's a need to clarify how the amendment should be read together with the original contract
3. Representations and Warranties: Include when parties need to make new or confirm existing representations regarding the amendment
4. Costs and Expenses: Include when there are specific costs associated with the amendment that need to be allocated between parties
1. Schedule A - Amended Clauses: Clean version of the amended clauses in their final form
2. Schedule B - Comparison Version: Track-changes or comparison version showing the amendments against the original text
3. Schedule C - Original Contract: Copy of the original contract being amended (optional but recommended)
Authors
Real Estate
Manufacturing
Retail
Technology
Financial Services
Healthcare
Education
Construction
Agriculture
Transportation
Professional Services
Energy
Telecommunications
Legal
Procurement
Commercial
Business Development
Compliance
Operations
Finance
Risk Management
Corporate Affairs
Contract Administration
Legal Counsel
Contract Manager
Business Development Manager
Chief Executive Officer
Chief Operating Officer
Procurement Manager
Project Manager
Commercial Director
Compliance Officer
Risk Manager
General Manager
Department Head
Account Manager
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