Addendum To Purchase Agreement Template for Ireland

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Key Requirements PROMPT example:

Addendum To Purchase Agreement

"I need an Addendum to Purchase Agreement under Irish law to modify the price and payment terms of our existing equipment supply contract with TechCorp Limited, increasing the unit price by 15% due to market conditions, effective March 1, 2025."

Document background
The Addendum To Purchase Agreement is a crucial legal document used when parties need to modify an existing purchase agreement without creating an entirely new contract. It's commonly used in Irish business transactions when circumstances require changes to original terms, such as pricing adjustments, delivery modifications, or scope changes. This document type must comply with Irish contract law and maintains clear references to the original agreement while specifying exact modifications. It's particularly important for businesses operating in Ireland or under Irish law, as it provides a formal record of agreed changes while preserving the validity of the original purchase agreement. The addendum should be used whenever material changes to the original purchase agreement are required, ensuring all modifications are properly documented and legally binding.
Suggested Sections

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

2. Background: References to the original Purchase Agreement including date, parties, and subject matter, and brief context for the addendum

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

4. Amendment Details: Specific modifications to the original agreement, clearly stating what is being changed

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

6. Governing Law: Confirmation that the addendum is governed by Irish law, consistent with the original agreement

7. Execution: Signature blocks for all parties and date of execution

Optional Sections

1. Price Modification: Used when the addendum involves changes to pricing terms or payment schedules

2. Delivery Terms: Included when modifying delivery dates, locations, or methods

3. Quality Specifications: When changes involve product specifications or quality standards

4. Term Extension: Used when modifying the duration of the original agreement

5. Additional Services: When new services or products are being added to the scope

6. Force Majeure Update: If adding or modifying force majeure provisions due to new circumstances

7. Compliance Updates: When adding new regulatory compliance requirements

Suggested Schedules

1. Schedule A - Modified Terms: Detailed listing of specific terms being modified, showing both original and new language

2. Schedule B - Revised Pricing: Detailed breakdown of any price changes, if applicable

3. Schedule C - Updated Specifications: Technical specifications or product details if being modified

4. Appendix 1 - Supporting Documentation: Any relevant supporting documents justifying or explaining the modifications

5. Appendix 2 - Regulatory Compliance: Any new regulatory requirements or certifications relevant to the modifications

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

Relevant Industries

Retail

Manufacturing

Technology

Real Estate

Construction

Professional Services

Healthcare

Pharmaceuticals

Agriculture

Energy

Telecommunications

Financial Services

Automotive

Education

Hospitality

Relevant Teams

Legal

Procurement

Finance

Sales

Operations

Compliance

Risk Management

Supply Chain

Commercial

Contract Administration

Business Development

Corporate Governance

Relevant Roles

Chief Executive Officer

Chief Financial Officer

Procurement Manager

Purchasing Director

Contract Manager

Legal Counsel

Commercial Director

Supply Chain Manager

Sales Director

Business Development Manager

Operations Manager

Project Manager

Compliance Officer

Risk Manager

Company Secretary

Finance 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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