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Sales Addendum
"I need a Sales Addendum to modify our existing software supply agreement with TechCorp Ltd to increase the unit price by 15% and extend the delivery timeline to March 2025, while keeping all other terms unchanged."
1. Parties: Identification of parties to the addendum
2. Background: Reference to original agreement and reason for addendum
3. Definitions: New or modified definitions specific to the addendum
4. Amendments: Specific modifications to the original agreement
5. Effect on Original Agreement: Statement on continued validity of original agreement terms
6. Execution: Signature blocks and execution details
1. Additional Terms: New terms not covered in original agreement, used when introducing completely new provisions
2. Price Adjustments: Changes to pricing structure, used when modifying financial terms
3. Timeline Modifications: Changes to delivery or performance schedules, used when adjusting timeframes
4. Compliance Updates: New regulatory or compliance requirements, used when addressing new legal requirements
1. Schedule of Amendments: Detailed list of specific changes to original agreement
2. Revised Price List: Updated pricing information if applicable
3. Modified Specifications: Changes to product or service specifications
4. Updated Timeline: Revised delivery or implementation schedule
Authors
Effective Date
Amendment Date
Modified Terms
Existing Terms
Parties
Products
Services
Revised Price
Payment Terms
Delivery Schedule
Territory
Specifications
Modified Obligations
Amendments
Business Day
GST
Force Majeure Events
Governing Law
Jurisdiction
Modified Deliverables
Revised Timeline
Addendum
Continuation Period
Representatives
Interpretation
Modification of Price
Modification of Delivery Terms
Modification of Product Specifications
Modification of Services
Modification of Payment Terms
Continuing Effect
Integration
No Other Modifications
Ratification
Binding Effect
Representations and Warranties
Effective Date
Governing Law
Counterparts
Authority
Costs
GST/Tax Provisions
Notices
Third Party Rights
Further Assurance
Severability
Waiver
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