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First Addendum To Agreement
"I need a First Addendum to Agreement under Nigerian law to extend our manufacturing supply agreement with Lagos Technologies Ltd. for an additional 3 years until March 2025, and update the pricing schedule to account for a 15% increase in raw material costs."
1. Parties: Identification of all parties to the original agreement and the addendum, including their full legal names and addresses
2. Background: References the original agreement (including date and parties), explains the reason for the addendum, and confirms parties' desire to modify the original agreement
3. Definitions: Defines key terms used in the addendum and incorporates definitions from the original agreement
4. Date of Effect: Specifies when the modifications in the addendum become effective
5. Amendments: Clearly states all modifications to the original agreement, referencing specific clauses being amended, deleted, or added
6. Confirmation of Other Terms: Confirms that all other terms of the original agreement remain unchanged and in full force and effect
7. Entire Agreement: Confirms that the original agreement and this addendum constitute the entire agreement between the parties
8. Governing Law: Reaffirms Nigerian law as the governing law of the agreement and addendum
9. Execution: Signature blocks for all parties and execution formalities
1. Recitals: Used when complex background information needs to be provided to explain the context of the amendments
2. Interpretation: Include when new interpretation rules are needed or existing ones need modification
3. Conditions Precedent: Required when the amendments are subject to certain conditions being met before becoming effective
4. Representations and Warranties: Include when parties need to make new or modified representations regarding the amendments
5. Regulatory Compliance: Include when amendments require specific regulatory approvals or compliance statements
6. Third Party Rights: Include when amendments affect or create rights for third parties
7. Costs and Expenses: Include when there are specific arrangements for bearing the costs of implementing the amendments
1. Schedule of Amendments: Detailed listing of all specific changes to clauses in the original agreement, showing original and amended text
2. Schedule of Updated Terms: Complete text of any new clauses or significantly modified sections
3. Schedule of Consents: Copies of any third-party or regulatory consents required for the amendments
4. Schedule of Conditions: Detailed list of any conditions that must be satisfied for the amendments to take effect
5. Updated Commercial Terms: If applicable, revised pricing, payment terms, or other commercial arrangements
6. Corporate Authorizations: Copies of corporate resolutions or other authorizations required to execute the addendum
Authors
Original Agreement
Effective Date
Amended Clause
Parties
Modified Terms
Existing Terms
Amendment Date
Business Day
Governing Law
Nigerian Law
Modification
Original Effective Date
Amended Agreement
Supplemental Terms
Execution Date
Authorized Representative
Applicable Law
Interpretation
Schedule
Surviving Provisions
Consideration
Force Majeure
Notice
Working Day
Affiliate
Confidential Information
Territory
Regulatory Authority
Material Change
Recitals
Definitions
Amendment Purpose
Effective Date
Modification of Terms
Addition of Terms
Deletion of Terms
Confirmation of Original Terms
Integration
Governing Law
Counterparts
Authority to Execute
Representations and Warranties
Further Assurance
Costs and Expenses
Notices
Severability
Assignment
Third Party Rights
Dispute Resolution
Entire Agreement
No Other Modification
Binding Effect
Interpretation
Compliance with Laws
Force Majeure
Regulatory Approvals
Stamp Duty
Execution
Oil and Gas
Manufacturing
Technology and Telecommunications
Financial Services
Construction and Infrastructure
Agriculture
Healthcare and Pharmaceuticals
Real Estate
Mining and Natural Resources
Retail and Distribution
Professional Services
Energy and Utilities
Transportation and Logistics
Education
Legal
Procurement
Compliance
Commercial
Operations
Business Development
Finance
Risk Management
Corporate Secretariat
Contract Administration
Project Management
Legal Counsel
Contract Manager
Chief Legal Officer
Business Development Manager
Procurement Manager
Commercial Director
Compliance Officer
Project Manager
Operations Director
Chief Executive Officer
Chief Financial Officer
Risk Manager
Company Secretary
General Manager
Country Manager
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