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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."
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
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
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
Manufacturing
Retail
Technology
Construction
Automotive
Electronics
Food and Beverage
Pharmaceuticals
Industrial Equipment
Consumer Goods
Energy
Telecommunications
Legal
Procurement
Finance
Compliance
Operations
Supply Chain
Commercial
Risk Management
Contract Administration
Business Development
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
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