Addendum To Agreement Of Sale Template for Singapore

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Key Requirements PROMPT example:

Addendum To Agreement Of Sale

"I need an Addendum To Agreement Of Sale to modify the delivery schedule and increase the purchase price by 15% for our equipment sale contract with ABC Manufacturing, with these changes to take effect from March 1, 2025."

Document background
An Addendum To Agreement Of Sale is utilized when parties need to modify their existing sale agreement without creating an entirely new contract. This document is particularly relevant in Singapore's dynamic business environment, where commercial terms often need adjustment post-agreement. It typically includes modifications to price, quantity, delivery terms, or other material aspects of the original sale agreement. The addendum must conform to Singapore's legal framework, including the Contract Act and Sale of Goods Act, ensuring that modifications are properly documented and legally enforceable.
Suggested Sections

1. Parties: Identification of the parties to the original agreement and addendum

2. Background: Reference to original agreement and reason for addendum

3. Definitions: Any new terms being introduced in the addendum

4. Amendments: Specific changes being made to the original agreement

5. Confirmation: Statement that all other terms remain unchanged

6. Execution: Signature blocks and execution details

Optional Sections

1. Effective Date: Specific section about when changes take effect - use when implementation date differs from signing date

2. Consideration: Details of any new consideration - use when additional payment or value exchange is involved

3. Additional Terms: New terms being added to original agreement - use when introducing completely new provisions

Suggested Schedules

1. Schedule of Amendments: Detailed list of specific changes to original agreement clauses

2. Original Agreement: Copy of the original agreement being amended

3. Price Schedule: Updated pricing terms if prices or payment terms are being modified

4. Timeline Schedule: Modified implementation dates or deadlines if applicable

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

Industries

Singapore Contract Act (Cap. 2): Primary legislation governing contract formation, validity, and enforcement in Singapore, based on English common law principles

Unfair Contract Terms Act (Cap. 396): Legislation that restricts the extent to which civil liability for breach of contract can be avoided by means of contract terms

Sale of Goods Act (Cap. 393): Regulates contracts relating to the sale of goods and provides statutory protection for buyers and sellers

Conveyancing and Law of Property Act (Cap. 61): Governs real estate transactions and property transfers in Singapore

Land Titles Act (Cap. 157): Establishes the land registration system and regulates dealings in registered land in Singapore

Supply of Goods Act: Provides additional protection for consumers in relation to the supply of goods

Consumer Protection (Fair Trading) Act: Protects consumers against unfair practices and provides additional rights in consumer transactions

Stamp Duties Act (Cap. 312): Governs the imposition of stamp duties on instruments and documents relating to property and transactions

Electronic Transactions Act (Cap. 88): Provides legal framework for electronic signatures and the formation of contracts by electronic means

Singapore Case Law: Relevant judicial decisions from Singapore courts that interpret and apply contract and property laws

Industry-Specific Regulations: Additional regulations that may apply depending on the specific industry or sector involved in the sale

Contract Amendment Rules: Legal principles and requirements governing the modification and variation of existing contracts under Singapore law

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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