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Amendment To Agreement
"I need an Amendment To Agreement to extend our existing software license agreement for two additional years until March 1, 2025, and update the pricing terms to include a 5% annual increase."
1. Parties: Identification of all parties to the original agreement who are participating in this amendment
2. Background: Reference to the original agreement (including date and title), reason for amendment, and confirmation that parties wish to amend the original agreement
3. Definitions: Key terms used in the amendment, including reference to definitions in the original agreement that remain applicable
4. Amendment Effective Date: Specific date when the amendments will take effect
5. Amendments: Detailed description of each modification to the original agreement, clearly referencing the sections being amended
6. Confirmation of Other Terms: Statement confirming that all other terms of the original agreement remain in full force and effect
7. Entire Agreement: Confirmation that this amendment and the original agreement constitute the entire agreement between the parties
8. Execution: Signature blocks for all parties
1. Recitals: Additional background information when complex circumstances led to the amendment
2. Interpretation: Special rules for interpreting the amendment in conjunction with the original agreement, needed for complex amendments
3. Representations and Warranties: New or updated representations if the amendment significantly changes obligations
4. Conditions Precedent: Include when the amendment is conditional upon certain events or actions
5. Costs and Expenses: Include when there are specific costs associated with implementing the amendment
6. Governing Law Confirmation: Include when the amendment involves international parties or when reinforcement is needed
1. Schedule of Amendments: Detailed table or list showing original clause text and amended clause text in parallel
2. Amended and Restated Clauses: Full text of any clauses that are being completely replaced
3. Marked Version: Version of the original agreement showing all changes in track changes/redline format
4. Supporting Documents: Any additional documents required to give effect to the amendments (e.g., new specifications, updated pricing schedules)
Authors
Technology and Software
Manufacturing
Financial Services
Professional Services
Real Estate
Healthcare
Retail and Consumer Goods
Energy and Utilities
Telecommunications
Construction
Transportation and Logistics
Media and Entertainment
Legal
Procurement
Commercial
Business Development
Operations
Finance
Compliance
Risk Management
Contract Administration
Corporate Governance
Legal Counsel
Contract Manager
Business Development Manager
Procurement Manager
Commercial Director
Chief Legal Officer
General Counsel
Corporate Secretary
Operations Manager
Project Manager
Account Manager
Chief Financial Officer
Risk Manager
Compliance Officer
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