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Addendum To Agreement
"I need an Addendum to Agreement to modify our existing software license agreement with TechCorp Limited, specifically to extend the license term by three years and add two new software modules, with the changes to take effect from March 1, 2025."
1. Parties: Identifies all parties to the original agreement and addendum, including their full legal names and addresses
2. Background: References the original agreement (including date and title) and explains the context for this addendum
3. Definitions: Defines key terms used in the addendum and incorporates definitions from the original agreement
4. Amendments: Clearly specifies all modifications to the original agreement, referencing specific sections being changed
5. Continued Effect: Confirms that all other terms of the original agreement remain in full force and effect
6. Governing Law: Confirms that Irish law continues to govern the agreement as modified
7. Execution: Signature blocks for all parties and execution requirements
1. Effective Date: Specific section stating when the modifications take effect, used when the effective date differs from the execution date
2. Interpretation: Additional rules for interpreting the addendum alongside the original agreement, used in complex modifications
3. Representations and Warranties: Additional confirmations by the parties, used when the modifications require new assurances
4. Third Party Rights: Addresses impact on third party rights, used when modifications affect external stakeholders
5. Costs and Expenses: Allocates costs related to the addendum, used when there are significant expenses involved
1. Schedule of Amendments: Detailed table or list showing original text and amended text side by side
2. Updated Payment Terms: If financial terms are being modified, details the new payment structure
3. Revised Deadlines: If timeframes are being modified, provides updated project or delivery schedules
4. Supporting Documents: Any additional documentation necessary to support the modifications
5. Consent Documents: Any required third-party consents or approvals for the modifications
Authors
Technology
Financial Services
Professional Services
Manufacturing
Retail
Healthcare
Education
Construction
Real Estate
Energy
Telecommunications
Transportation
Agriculture
Media and Entertainment
Non-Profit
Legal
Procurement
Finance
Operations
Commercial
Business Development
Compliance
Risk Management
Sales
Executive Leadership
Administrative
Project Management
Legal Counsel
Contract Manager
Business Development Manager
Chief Executive Officer
Chief Financial Officer
Operations Director
Procurement Manager
Commercial Director
Risk Manager
Compliance Officer
Project Manager
Account Manager
Sales Director
General Manager
Company Secretary
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