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Addendum To Agreement
"I need an Addendum to Agreement to add a new subsidiary company as a party to our existing service agreement dated January 15, 2025, with all original terms remaining unchanged but extending to the new entity."
1. Parties: Identifies all parties to the original agreement and addendum, including their legal names and addresses
2. Background: References the original agreement (including date and title), explains the reason for the addendum, and confirms parties' intention to modify the original agreement
3. Definitions: Defines key terms used in the addendum and references definitions from the original agreement
4. Original Agreement Reference: Specifically identifies which agreement is being modified, including its full title, date, and parties
5. Effective Date: Specifies when the modifications in the addendum take effect
6. Modifications: Details the specific changes, additions, or deletions to the original agreement, with clear reference to affected sections
7. Effect on Original Agreement: Confirms that all other terms of the original agreement remain in full force and effect
8. Entire Agreement: States that the original agreement and this addendum constitute the entire agreement between the parties
9. Execution: Signature blocks for all parties and execution requirements
1. Interpretation: Include when complex modifications require specific guidance on how to read and interpret the changes
2. Consideration: Include when there is a specific exchange of value related to the modifications
3. Regulatory Compliance: Include when modifications are driven by regulatory requirements or need specific compliance acknowledgments
4. Third Party Consents: Include when modifications require or have obtained consent from third parties
5. Conditions Precedent: Include when modifications are subject to certain conditions being met before taking effect
6. Transitional Provisions: Include when changes require a transition period or specific implementation steps
1. Schedule of Amendments: Detailed table or list of specific modifications to the original agreement, particularly useful for complex changes
2. Revised Terms: Complete text of any clauses or sections being replaced or significantly modified
3. Supporting Documentation: Any relevant documents supporting or required for the modifications
4. Consent Documents: Copies of third-party consents or regulatory approvals if required
5. Transition Plan: Detailed plan for implementing changes when modifications require significant operational changes
Authors
Financial Services
Real Estate
Technology
Manufacturing
Professional Services
Healthcare
Construction
Retail
Energy
Telecommunications
Education
Mining
Agriculture
Transportation
Media and Entertainment
Legal
Compliance
Procurement
Commercial
Finance
Operations
Risk Management
Business Development
Contract Administration
Corporate Affairs
Legal Counsel
Contract Manager
Business Development Manager
Chief Executive Officer
Chief Financial Officer
Commercial Director
Procurement Manager
Project Manager
Operations Manager
Risk Manager
Compliance Officer
General Manager
Department Head
Account Manager
Partnership Director
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