Contract Deed Of Variation Template for Singapore

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Key Requirements PROMPT example:

Contract Deed Of Variation

"I need a Contract Deed of Variation to modify the payment terms and extend the duration of our existing manufacturing agreement with ABC Industries until March 2025, while keeping all other terms unchanged."

Document background
A Contract Deed Of Variation is essential when parties need to modify an existing contract without creating an entirely new agreement. Under Singapore law, this document provides a formal and secure method of varying contractual terms while maintaining the enforceability of the original contract. It's particularly important when the original contract requires variations to be made by deed, or when the changes could affect third-party rights. The document includes specific references to the original contract, details of the variations, and confirmation of unchanged terms, all while ensuring compliance with Singapore's legal requirements for deed execution.
Suggested Sections

1. Parties: Details of all parties to the original contract and variation

2. Background: Reference to original contract and reason for variation

3. Definitions: Key terms used in the deed including reference to original contract definitions

4. Variation Details: Specific changes being made to the original contract

5. Effective Date: When the variations take effect

6. Confirmation of Other Terms: Confirmation that all other terms remain unchanged

7. Execution: Signing requirements and attestation

Optional Sections

1. Third Party Consents: Section detailing any required third party approvals for the variations to be effective

2. Costs: Section addressing the allocation of costs related to implementing the variation

3. Regulatory Compliance: Section addressing specific regulatory requirements affected by the variations

Suggested Schedules

1. Schedule of Variations: Detailed list of all specific changes being made to the original contract

2. Original Contract: Copy of the contract being varied

3. Consents and Approvals: Copies of any required third-party consents or regulatory approvals

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

Contracts Act (Cap. 53): Primary legislation governing contract formation, validity, and enforcement in Singapore. Essential for ensuring the variation deed meets basic contractual requirements.

Conveyancing and Law of Property Act (Cap. 61): Governs property-related transactions and legal instruments, including requirements for deeds and their execution in Singapore.

Evidence Act (Cap. 97): Contains provisions regarding execution requirements and evidentiary standards for legal documents in Singapore.

Stamp Duties Act (Cap. 312): Regulates stamp duty obligations that may arise from contract variations, particularly important if the variation involves property or significant monetary changes.

Civil Law Act Section 6: Specifies formal requirements for the creation and execution of deeds in Singapore.

Companies Act Section 41B: Outlines specific requirements for execution of documents by Singapore companies, including methods of signing and sealing.

Doctrine of Consideration: Legal principle requiring that contract variations must be supported by fresh consideration unless executed as a deed.

Third Party Rights: Legal consideration of how the variation may affect rights of parties not directly involved in the contract variation.

Execution Requirements: Formal requirements including signing, sealing, delivery, and proper witnessing of the deed of variation.

Registration Requirements: Any necessary registration of the variation with relevant authorities, particularly important for certain types of contracts or property-related variations.

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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