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Addendum To Agreement
"I need an Addendum to Agreement to modify the payment terms and extend the duration of our existing UAE distribution agreement with ABC Trading LLC for an additional 24 months starting from March 1, 2025."
1. Parties: Identification of all parties to the original agreement and confirmation that they remain the same for this addendum
2. Background: Reference to the original agreement including its date and parties, and brief explanation of why modification is needed
3. Definitions: Key terms used in the addendum, including reference to definitions in the original agreement that remain applicable
4. Effective Date: Specific date from which the modifications will take effect
5. Amendments: Detailed description of specific modifications to the original agreement, with clear reference to relevant sections being modified
6. Ratification: Confirmation that all other terms and conditions of the original agreement remain in full force and effect
7. Governing Law and Jurisdiction: Confirmation that the governing law and jurisdiction remain as per the original agreement
8. Execution: Signature blocks for all parties, including date and place of signing
1. Interpretation: Include when complex modifications require specific rules of interpretation
2. Representations and Warranties: Include when modifications affect or require new representations from parties
3. Regulatory Compliance: Include when modifications trigger new regulatory requirements
4. Third Party Rights: Include when modifications affect rights of third parties mentioned in original agreement
5. Costs and Expenses: Include when there are specific costs associated with implementing the modifications
1. Schedule 1 - Amended Clauses: Clean version of all amended clauses showing their new form
2. Schedule 2 - Comparison Version: Track-changes version showing modifications to original text
3. Schedule 3 - Required Approvals: List of any corporate or regulatory approvals required for the modifications
4. Appendix A - Original Agreement: Copy of the original agreement being modified
5. Appendix B - Supporting Documents: Any additional documents referenced in or supporting the modifications
Authors
Real Estate
Construction
Financial Services
Technology
Healthcare
Energy
Manufacturing
Retail
Hospitality
Professional Services
Transportation
Telecommunications
Education
Media and Entertainment
Oil and Gas
Legal
Compliance
Procurement
Finance
Operations
Business Development
Risk Management
Corporate Secretariat
Commercial Operations
Project Management
Executive Leadership
Contract Administration
Legal Counsel
Contract Manager
Business Development Manager
Chief Executive Officer
Chief Financial Officer
Commercial Director
Procurement Manager
Project Manager
Risk Manager
Compliance Officer
Operations Director
General Manager
Corporate Secretary
Legal Director
Department Head
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