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Addendum To Agreement
"I need an Addendum to Agreement to extend our existing service agreement with ABC Technology Limited for an additional 2 years until March 15, 2025, and update the pricing schedule to reflect a 10% increase in monthly service fees."
1. Parties: Identification of all parties to the original agreement and addendum, including their full legal names and addresses
2. Background: Reference to the original agreement (including date and title), reason for the addendum, and confirmation that parties wish to modify the original agreement
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 identifying sections being modified, deleted, or added
5. Effect on Original Agreement: Statement confirming which provisions of the original agreement remain in full force and effect
6. Integration: Clause stating how this addendum integrates with the original agreement and any previous addenda
7. Governing Law: Confirmation that Hong Kong law continues to govern the agreement as modified
8. Execution: Signature blocks for all parties and execution formalities
1. Effective Date: Specific section stating when the modifications take effect, if different from the execution date
2. Representations and Warranties: Additional representations if new obligations are being created
3. Consideration: Statement of consideration if new value is being exchanged as part of the modification
4. Third Party Rights: Section addressing impact on third party rights if modifications affect third party beneficiaries
5. Conditions Precedent: Include if the modifications are subject to certain conditions being met
6. Ratification: Section where parties ratify all unmodified terms of the original agreement, used in complex modifications
1. Schedule of Amendments: Detailed listing of all specific changes to the original agreement, particularly useful for complex modifications
2. Revised Payment Schedule: If the addendum modifies any financial terms or payment obligations
3. Updated Service Levels: If the addendum modifies any performance metrics or service standards
4. Comparison Version: Blacklined version showing changes against the original agreement text
5. Consent Documents: Any third-party consents required for the modifications
Authors
Financial Services
Real Estate
Technology
Manufacturing
Professional Services
Retail
Healthcare
Construction
Telecommunications
Import/Export
Logistics
Hospitality
Legal
Compliance
Finance
Procurement
Operations
Commercial
Business Development
Risk Management
Corporate Secretariat
Project Management
Legal Counsel
Contract Manager
Business Development Manager
Chief Executive Officer
Chief Financial Officer
Commercial Director
Procurement Manager
Project Manager
Operations Director
Risk Manager
Compliance Officer
General Manager
Company Secretary
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