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Contract Addendum Letter
"I need a Contract Addendum Letter to modify our existing service agreement with ABC Technologies Ltd., extending the contract duration by 12 months to March 15, 2025, and updating the monthly service fees from ₹50,000 to ₹65,000."
1. Letter Header: Including date, addressee details, and reference number of the original contract
2. Subject Line: Clear identification that this is an addendum to the specified contract
3. Original Contract Reference: Details of the original contract including date, parties, and subject matter
4. Purpose Statement: Brief explanation of why the addendum is necessary
5. Modification Details: Clear and specific description of the changes being made to the original contract
6. Effect on Original Agreement: Statement confirming that all other terms of the original contract remain unchanged
7. Effective Date: When the modifications will take effect
8. Signature Block: Space for authorized signatures from all parties
1. Recitals: Used when complex background information needs to be included to explain the context of the modifications
2. Consideration Statement: Required if there is a change in the consideration or payment terms
3. Governing Law Confirmation: Include if there's any change to the jurisdiction or if the original contract didn't specify it
4. Counterparts Clause: Include if the addendum may be signed in multiple copies or electronically
5. Witness Block: Include when local law requires witnesses or when dealing with high-value modifications
1. Schedule of Modifications: Detailed table or list showing original clause vs. modified clause when multiple changes are being made
2. Updated Price List: If the addendum involves changes to pricing or payment terms
3. Revised Timeline: If the addendum modifies project deadlines or delivery schedules
4. Authorization Documents: Copies of board resolutions or powers of attorney proving signing authority, if required
Authors
Information Technology
Manufacturing
Professional Services
Real Estate
Construction
Healthcare
Financial Services
Retail
Telecommunications
Education
Energy
Logistics
Consulting
Entertainment
Hospitality
Legal
Procurement
Finance
Operations
Business Development
Compliance
Risk Management
Administrative
Contract Management
Corporate Secretariat
Commercial
Legal Counsel
Contract Manager
Business Development Manager
Project Manager
Procurement Manager
Corporate Secretary
Chief Financial Officer
Chief Executive Officer
Operations Manager
Account Manager
Compliance Officer
Risk Manager
Commercial Director
General Manager
Administrative Officer
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