Amendment To Agreement Template for Nigeria

The Amendment To Agreement is a critical legal instrument used in Nigerian business practice when parties need to modify an existing contractual relationship without creating an entirely new agreement. This document type is particularly relevant in the Nigerian business environment where evolving regulatory requirements, business conditions, or commercial terms necessitate contract modifications. It ensures compliance with Nigerian law while providing a clear record of agreed changes to the original contract. The amendment must consider local legal requirements, including potential registration with relevant authorities, stamp duty obligations, and specific sectoral regulations. Used across various industries, from oil and gas to financial services, the Amendment To Agreement helps businesses maintain flexible yet legally sound contractual relationships while adhering to Nigerian legal frameworks.

1. Parties: Identification of all parties to the amendment, matching those in the original agreement or their successors

2. Background: Reference to the original agreement, its date, and brief context for the amendment

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

4. Amendment Authority: Reference to the clause in the original agreement permitting amendments and confirming parties' authority to amend

5. Effective Date: Specification of when the amendments take effect

6. Amendments: Detailed description of specific modifications to the original agreement, clearly referencing affected clauses

7. Continuing Effect: Confirmation that all unmodified provisions of the original agreement remain in full force and effect

8. Entire Agreement: Confirmation that the original agreement and this amendment constitute the entire agreement

9. Counterparts: Provision for execution in counterparts if needed

10. Governing Law: Confirmation of Nigerian law as governing law (typically matching original agreement)