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Addendum To Memorandum Of Understanding

Addendum To Memorandum Of Understanding Template for Malaysia

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Key Requirements PROMPT example:

Addendum To Memorandum Of Understanding

"I need an Addendum to Memorandum of Understanding to extend our research collaboration agreement with Universiti Malaya for an additional 18 months until March 2025, and to add a new intellectual property sharing clause."

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Document background
The Addendum To Memorandum Of Understanding is a crucial legal instrument used in Malaysian business and governmental relations when parties need to modify their existing MOU without creating an entirely new agreement. This document type is particularly relevant when circumstances require adjustments to the original understanding, such as changes in project scope, timelines, or participating entities. Governed by Malaysian law, particularly the Contracts Act 1950, it must be drafted with careful attention to both local legal requirements and the specific needs of the parties involved. The addendum typically includes clear references to the original MOU, specific modifications being made, and confirmations of which original terms remain unchanged. It's commonly used in both domestic and international business relationships, requiring consideration of cross-border implications while maintaining compliance with Malaysian legal frameworks.
Suggested Sections

1. Parties: Full legal names and details of all parties to the original MOU and addendum

2. Background: Reference to the original MOU including its date and purpose, and the reason for this addendum

3. Definitions: Key terms used in the addendum, including reference to definitions in the original MOU

4. Reference to Original MOU: Specific citation of the original MOU and confirmation of its continued validity

5. Amendments: Clear articulation of specific modifications, additions, or deletions to the original MOU

6. Effect of Addendum: Statement confirming that all other terms of the original MOU remain in full force and effect

7. Integration: Statement that this addendum forms part of the original MOU

8. Governing Law: Confirmation that Malaysian law governs the addendum

9. Execution: Signature blocks for all parties

Optional Sections

1. Additional Parties: Required when new parties are being added to the original MOU

2. Effective Date: Used when the amendments take effect on a date different from the signing date

3. Interpretation: Added when complex amendments require specific guidance on how they should be read with the original MOU

4. Ratification: Include when specific corporate or regulatory approvals are required for the amendments

5. Counterparts: Added when parties may sign separate identical copies of the addendum

6. Electronic Execution: Include when digital signing is contemplated

Suggested Schedules

1. Schedule of Amendments: Detailed table showing original clauses and their amended versions

2. Updated Timeline: If the addendum modifies any project timelines or deadlines

3. Revised Financial Terms: If the addendum includes changes to financial arrangements

4. New Party Information: Detailed information about any new parties being added

5. Regulatory Approvals: Copies of any required regulatory or corporate approvals

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈË°æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
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Relevant Industries

Manufacturing

Technology

Education

Healthcare

Financial Services

Energy & Utilities

Real Estate & Construction

Telecommunications

Agriculture

Mining & Resources

Retail & Consumer Goods

Transportation & Logistics

Professional Services

Relevant Teams

Legal

Corporate Affairs

Business Development

Executive Leadership

Operations

Compliance

Project Management

Strategic Planning

Risk Management

International Relations

Corporate Secretariat

Relevant Roles

Legal Counsel

Contract Manager

Business Development Director

Chief Executive Officer

Chief Operating Officer

Project Manager

Corporate Secretary

Compliance Officer

Managing Director

Partnership Manager

Strategic Planning Director

Operations Manager

Department Head

Regional Director

Industries





Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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