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Amendment To Agreement

Amendment To Agreement Template for United Arab Emirates

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Key Requirements PROMPT example:

Amendment To Agreement

"I need an Amendment to Agreement to modify our existing service contract with ABC Technologies LLC, extending the term by 2 years until March 15, 2025, and updating the payment terms to include a 5% annual increase in service fees."

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Document background
The Amendment To Agreement is a crucial legal document used in the United Arab Emirates when parties need to modify an existing contractual relationship without creating an entirely new agreement. This document type is particularly relevant in the UAE's dynamic business environment where contract modifications are common due to evolving business relationships, regulatory changes, or operational requirements. The amendment must comply with UAE Civil Code requirements and should clearly identify the original agreement, specify the exact changes being made, and confirm which original terms remain in force. It's essential that the Amendment To Agreement maintains consistency with UAE legal principles, including Sharia law considerations where applicable, and follows proper execution requirements to ensure enforceability.
Suggested Sections

1. Parties: Full legal names and addresses of all parties to the original agreement

2. Background: Reference to the original agreement including its date and parties, and brief context for why the amendment is needed

3. Definitions: Key terms used in the amendment, including reference to definitions in the original agreement

4. Amendment Effective Date: Specific date when the amendments will take effect

5. Amendments: Detailed description of each amendment, clearly referencing the specific sections of the original agreement being modified

6. Confirmation of Other Terms: Statement confirming that all other terms of the original agreement remain unchanged and in full force and effect

7. Governing Law: Confirmation that the amendment is governed by UAE law, consistent with the original agreement

8. Counterparts and Execution: Provisions for signing the amendment, including whether electronic execution is permitted

Optional Sections

1. Recitals: Additional background information when complex circumstances need to be explained

2. Interpretation: Specific rules for interpreting the amendment, needed when amendments are complex or affect multiple sections

3. Regulatory Compliance: Required when amendments need specific regulatory approvals or notifications

4. Third Party Rights: Include when amendments affect rights of third parties mentioned in the original agreement

5. Language: Required when amendment is bilingual or needs to specify which language version prevails

6. Costs: Include when there are specific costs associated with implementing the amendments that need to be allocated between parties

Suggested Schedules

1. Schedule of Amendments: Detailed table showing original clause text and amended clause text side by side

2. Updated Payment Schedule: If amendments affect payment terms, updated payment details and schedules

3. Amended Exhibits: Any exhibits from the original agreement that are being modified

4. Required Approvals: Copies of any regulatory or third-party approvals required for the amendments

5. Form of Notices: If amendment changes notice provisions, new forms or templates for notices

Authors

Alex Denne

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

Linkedin in social icon imageX social icon image
alex.den.21@genieai.co
Relevant Industries

Real Estate

Financial Services

Technology

Construction

Healthcare

Energy

Retail

Manufacturing

Hospitality

Transportation

Education

Professional Services

Media

Telecommunications

Relevant Teams

Legal

Compliance

Commercial

Operations

Finance

Risk Management

Corporate Secretarial

Business Development

Project Management

Executive Leadership

Relevant Roles

Legal Counsel

Contract Manager

Chief Legal Officer

Business Development Manager

Commercial Director

Compliance Officer

Project Manager

Chief Executive Officer

Chief Financial Officer

Operations Director

Risk Manager

Corporate Secretary

Managing Director

General Manager

Industries
UAE Civil Code (Federal Law No. 5 of 1985): The fundamental law governing contracts, obligations, and amendments in the UAE. Contains provisions about contract formation, modification, and the requirements for valid amendments.
UAE Commercial Transactions Law (Federal Law No. 18 of 1993): Relevant if the original agreement is commercial in nature, governing commercial contracts and their modifications in the UAE.
Electronic Transactions and Commerce Law (Federal Law No. 1 of 2006): Applies if the amendment will be executed electronically, governing the validity of electronic signatures and documents.
UAE Companies Law (Federal Law No. 2 of 2015): Relevant if the agreement involves corporate entities, ensuring proper authorization for contract amendments.
Federal Law No. 8 of 2004 (Financial Free Zones Law): Must be considered if either party is operating in a UAE free zone, as different rules might apply to contract amendments in these zones.
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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