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Addendum To Agreement
"I need an Addendum To Agreement to modify our existing supply contract by updating the pricing structure and delivery terms, effective March 1, 2025, for our Swiss manufacturing facility."
1. Parties: Identification of the parties to the addendum (must match the original agreement)
2. Background: Reference to the original agreement (including date and title) and context for why modifications are needed
3. Definitions: Key terms used in the addendum, including reference to definitions in the original agreement
4. Amendments: Clear statement of modifications to the original agreement, typically numbered by reference to original sections
5. Effect on Original Agreement: Statement that all other terms of the original agreement remain in full force and effect
6. Governing Law: Confirmation that Swiss law continues to govern (should match original agreement)
7. Execution: Signature blocks for all parties
1. Effective Date: Specific section stating when the modifications take effect, if different from signing date
2. Interpretation: Rules for interpreting the addendum in conjunction with the original agreement, used when complex modifications are made
3. Representations and Warranties: Additional confirmations by parties, needed if modifications affect fundamental aspects of the agreement
4. Third Party Rights: Statement about impact on third party rights, needed if modifications affect third party beneficiaries
5. Language: Required for multilingual addenda or if original agreement had language provisions
6. Counterparts: Include if parties may sign in separate copies
1. Schedule of Amendments: Detailed listing of all modifications, particularly useful for complex changes
2. Revised Price List: If modifications include pricing changes
3. Modified Timeline: If modifications affect project schedules or delivery dates
4. Comparison Version: Redline showing changes against original agreement sections
5. Consent Documents: Any required third-party consents to the modifications
Authors
Financial Services
Manufacturing
Technology
Healthcare
Real Estate
Construction
Professional Services
Retail
Telecommunications
Energy
Transportation
Insurance
Education
Hospitality
Agriculture
Legal
Procurement
Commercial
Business Development
Operations
Compliance
Risk Management
Finance
Sales
Corporate Governance
Contract Administration
Legal Counsel
Contract Manager
Business Development Manager
Chief Legal Officer
Commercial Director
Procurement Manager
Project Manager
Compliance Officer
Operations Director
Chief Executive Officer
Chief Financial Officer
Account Manager
Sales Director
Risk Manager
Corporate Secretary
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