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Purchase Contract Addendum Template for Malaysia

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Key Requirements PROMPT example:

Purchase Contract Addendum

"I need a Purchase Contract Addendum to modify our existing supply agreement with ABC Manufacturing Sdn Bhd, updating the unit prices with a 10% increase and extending the delivery timeline to March 2025 due to supply chain challenges."

Document background
The Purchase Contract Addendum is a critical legal instrument used in Malaysian commercial transactions when parties need to modify an existing purchase agreement without creating an entirely new contract. It's commonly employed when circumstances require adjustments to original terms, such as changes in pricing, delivery schedules, specifications, or scope of supply. This document type must conform to Malaysian legal requirements, including the Contracts Act 1950 and the Sale of Goods Act 1957, and typically requires proper stamping under the Stamp Act 1949 to be legally enforceable. It's particularly valuable in long-term commercial relationships where flexibility is needed to accommodate changing business conditions while maintaining legal certainty and continuity of the original agreement.
Suggested Sections

1. Parties: Identification of all parties to the original purchase contract and any new parties being added through the addendum

2. Background: Reference to the original purchase contract including its date and parties, and brief context for the modifications

3. Definitions: Definition of key terms used in the addendum, including reference to definitions in the original contract that remain applicable

4. Original Contract Reference: Specific identification of clauses/sections of the original contract being modified

5. Modifications: Clear statement of all changes, additions, or deletions to the original contract

6. Effect on Original Agreement: Statement confirming all other terms of the original contract remain in full force and effect

7. Governing Law: Confirmation that the addendum is governed by Malaysian law

8. Execution: Signature blocks for all parties and execution requirements

Optional Sections

1. Additional Parties: Section needed when new parties are being added to the original contract

2. Price Adjustments: Required when the modification involves changes to pricing or payment terms

3. Timeline Modifications: Used when delivery dates or project timelines are being altered

4. Quality Specifications: Included when changes involve product specifications or quality standards

5. Force Majeure Updates: Added when modifying force majeure provisions in light of new circumstances

6. Dispute Resolution: Included when modifying the original dispute resolution procedures

Suggested Schedules

1. Schedule A - Modified Terms: Detailed list of specific terms being modified from the original contract

2. Schedule B - Revised Pricing: Detailed breakdown of any price changes or new pricing structures

3. Schedule C - Updated Specifications: Technical specifications or requirements that are being modified

4. Appendix 1 - Original Contract: Copy of the original purchase contract being modified

5. Appendix 2 - Supporting Documents: Any relevant supporting documentation for the modifications

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈ˰æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions
























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Relevant Industries

Manufacturing

Retail

Technology

Construction

Automotive

Electronics

Food and Beverage

Pharmaceuticals

Industrial Equipment

Consumer Goods

Energy

Telecommunications

Relevant Teams

Legal

Procurement

Finance

Compliance

Operations

Supply Chain

Commercial

Risk Management

Contract Administration

Business Development

Relevant Roles

Procurement Manager

Contract Administrator

Legal Counsel

Supply Chain Manager

Commercial Director

Chief Financial Officer

Purchasing Officer

Compliance Officer

Operations Manager

Business Development Manager

Project Manager

Risk Manager

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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