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Variation Agreement
"I need a Variation Agreement to modify our existing software licensing agreement with TechCorp Systems, specifically to extend the term by 3 years and add two new software modules, with the changes to take effect from March 1, 2025."
1. Parties: Identification of all parties to the variation agreement
2. Background: Details of the original agreement and reason for variation
3. Definitions: Key terms used in the variation agreement
4. Variation Details: Specific changes being made to the original agreement
5. Effective Date: When the variations take effect
6. Original Agreement: Confirmation that all other terms remain unchanged
7. Governing Law: Confirmation of applicable law (Singapore)
1. Consideration: Details of any consideration paid for the variation - include when consideration is being provided for the variation
2. Third Party Rights: Impact on third party rights - include when variation affects rights of third parties
3. Conditions Precedent: Conditions that must be met before variation takes effect - include when variation is subject to certain conditions
1. Schedule of Variations: Detailed list of specific changes to original agreement
2. Amended Clauses: Full text of amended clauses in their new form
3. Consent Documents: Any required third-party consents or approvals
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