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Sales Addendum
"I need a Sales Addendum to modify our existing agreement with Deutsche Manufacturing GmbH to reflect a 15% price increase effective March 1, 2025, and add two new product lines to the scope."
1. Parties: Identification of the parties to the original agreement and confirmation that they are the same parties entering into this addendum
2. Background: Reference to the original sales agreement including its date and subject matter, and brief explanation of why the addendum is needed
3. Definitions: Key terms used in the addendum, including reference to definitions in the original agreement that remain applicable
4. Amendments: Specific modifications to the original agreement, clearly stating which sections are being modified, deleted, or added
5. Effect on Original Agreement: Statement confirming that all other terms of the original agreement remain in full force and effect
6. Integration: Clause stating that this addendum forms part of the original agreement
7. Execution: Signature block and formal closing elements
1. Consideration: Required if the addendum involves new or modified financial terms
2. Effective Date: Specific section about when the modifications take effect, if different from the signing date
3. Representations and Warranties: Additional confirmations if the modifications require new assurances from either party
4. Regulatory Compliance: Required if the modifications trigger new regulatory requirements
5. Third Party Consents: Required if the modifications need approval from third parties
1. Schedule of Amended Terms: Detailed list of specific terms being modified, particularly useful for complex changes
2. Revised Pricing Schedule: If the addendum involves price modifications
3. Amended Delivery Schedule: If the addendum modifies delivery terms or timelines
4. Comparison Version: Redline showing changes against the original agreement sections
5. Required Consents: Copies of third-party consents or regulatory approvals if applicable
Authors
Manufacturing
Retail
Wholesale Trade
Technology
Automotive
Industrial Equipment
Consumer Goods
Chemical Industry
Pharmaceuticals
Electronics
Agriculture
Construction Materials
Legal
Sales
Procurement
Commercial
Compliance
Contract Administration
Business Development
Supply Chain
Account Management
Risk Management
Sales Manager
Contract Manager
Legal Counsel
Commercial Director
Procurement Manager
Business Development Manager
Account Executive
Sales Operations Manager
Chief Commercial Officer
Compliance Officer
Supply Chain Manager
Key Account Manager
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