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Addendum To Purchase Agreement
"I need an Addendum to Purchase Agreement to modify our existing contract with ABC Manufacturing, changing the delivery schedule to quarterly installments starting March 2025 and increasing the unit price by 15% due to raw material cost increases."
1. Parties: Identification of all parties to the original agreement and addendum, including their legal names, addresses, and registration details
2. Background: Reference to the original Purchase Agreement, its date, and brief context for the addendum
3. Definitions: Key terms used in the addendum, including reference to definitions from original agreement that remain applicable
4. Amendments to Original Agreement: Specific modifications to the original agreement, clearly identifying sections being modified, deleted, or added
5. Effect on Original Agreement: Statement confirming all other terms of the original agreement remain in full force and effect
6. Governing Law and Jurisdiction: Confirmation that Pakistani law governs the addendum and specification of jurisdiction for dispute resolution
7. Counterparts and Execution: Provisions for signing the addendum and statement that multiple counterparts constitute one document
1. Additional Representations and Warranties: New representations and warranties specific to the modified terms, used when substantial changes affect parties' assurances
2. Consideration: Details of any new or modified payment terms, used when financial terms are being amended
3. Conditions Precedent: New conditions that must be satisfied before modifications take effect, included when changes require specific prerequisites
4. Compliance with Shariah: Specific provisions ensuring compliance with Islamic law, included when modifications involve financial arrangements
5. Third Party Consents: Requirements for obtaining consents from other parties, used when modifications affect external stakeholders
6. Time Extension: Provisions extending deadlines or performance periods, included when modifying timeline-related terms
1. Schedule of Amendments: Detailed table or list showing original clause language and new modified language
2. Revised Price Schedule: Updated pricing details if the addendum modifies financial terms
3. Modified Specifications: Updated technical specifications or scope of work if changes affect deliverables
4. Consent Documents: Copies of third-party consents or regulatory approvals required for the modifications
5. Timeline Modifications: Updated project schedules or delivery timelines if applicable
Authors
Original Agreement
Effective Date
Amendment Date
Modified Terms
Original Terms
Parties
Seller
Buyer
Goods
Modified Specifications
Revised Purchase Price
Payment Schedule
Delivery Terms
Force Majeure
Business Day
Applicable Law
Modified Warranties
Additional Services
Completion Date
Regulatory Approvals
Representatives
Confidential Information
Intellectual Property Rights
Quality Standards
Compliance Requirements
Notice Period
Dispute Resolution
Material Change
Consideration
Shariah Compliance
Assignment Rights
Territory
Working Hours
Default Events
Termination Rights
Amendment
Reference to Original Agreement
Modification
Price Adjustment
Payment Terms
Delivery Terms
Quality Standards
Specifications
Performance Requirements
Timeline Modification
Force Majeure
Representations and Warranties
Indemnification
Dispute Resolution
Governing Law
Jurisdiction
Notices
Assignment
Severability
Entire Agreement
Counterparts
Authority
Compliance
Shariah Compliance
Registration Requirements
Stamp Duty
Third Party Rights
Further Assurance
Execution
Manufacturing
Real Estate
Information Technology
Retail
Construction
Agriculture
Automotive
Energy
Mining
Telecommunications
Healthcare
Professional Services
Import/Export
Logistics
Consumer Goods
Legal
Procurement
Finance
Operations
Supply Chain
Compliance
Risk Management
Commercial Operations
Business Development
Contract Management
Project Management
Procurement Manager
Contract Administrator
Legal Counsel
Commercial Director
Supply Chain Manager
Chief Financial Officer
Operations Manager
Project Manager
Business Development Manager
Compliance Officer
Risk Manager
General Counsel
Chief Executive Officer
Purchasing Officer
Finance Manager
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