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Supplemental Agreement
"I need a Supplemental Agreement to modify our existing software license agreement with TechCorp Solutions by adding three new software modules and updating the payment terms to quarterly installments, effective March 1, 2025."
1. Parties: Full legal names and details of all parties to the supplemental agreement (must match original agreement parties)
2. Background: References the original agreement, states its date and purpose, and explains why this supplement is needed
3. Definitions: Defines key terms used in the supplemental agreement and incorporates definitions from original agreement
4. Reference to Original Agreement: Explicitly identifies the original agreement being supplemented, including its date and parties
5. Purpose of Supplemental Agreement: Clearly states what aspects of the original agreement are being supplemented or modified
6. Amendments/Additions: Details the specific changes, additions, or modifications to the original agreement
7. Effect on Original Agreement: Confirms which provisions of the original agreement remain in force
8. Integration Clause: Establishes how this supplement integrates with the original agreement
9. Governing Law: Confirms South African law governs the agreement
10. Signatures: Execution section for all parties
1. Additional Representations and Warranties: Include when new representations or warranties are needed specific to the supplemental terms
2. Condition Precedents: Include when the supplemental agreement is subject to certain conditions being met first
3. Financial Terms: Include when the supplement modifies payment terms or introduces new financial obligations
4. Compliance with Regulations: Include when the supplement is driven by regulatory changes or new compliance requirements
5. Dispute Resolution: Include when modifying or adding specific dispute resolution procedures
6. Term and Termination: Include when modifying the duration or termination provisions of the original agreement
7. Notice Provisions: Include when changing contact details or notice requirements
1. Schedule of Amendments: Detailed list of specific clauses being amended, showing both original and new text
2. Schedule of New Terms: Detailed description of any new terms being added to the original agreement
3. Updated Financial Schedule: If financial terms are modified, detailed breakdown of new financial terms
4. Marked-up Original Agreement: Copy of original agreement showing all changes in track changes format
5. Required Approvals: Copies of any third-party or regulatory approvals required for the supplement
6. Updated Service Levels: If applicable, modified or new service level agreements
7. Compliance Certificates: Any required compliance or regulatory certificates related to the changes
Authors
Amendment Date
Effective Date
Original Agreement
Original Effective Date
Parties
Modified Terms
Retained Terms
Supplemental Terms
Business Day
Governing Law
Implementation Date
Modified Provisions
New Provisions
Original Parties
Additional Parties
Recitals
Supplemental Agreement
Amended and Restated Agreement
Existing Obligations
Modified Obligations
Supplemental Obligations
Interpretation
Amendment
Variation
Modification Date
Transition Period
Integration
Consolidated Agreement
Surviving Provisions
Recitals
Definitions
Interpretation
Amendment Purpose
Effective Date
Amendments to Original Agreement
Additional Terms
Integration
Original Agreement Status
Representations and Warranties
Conditions Precedent
Consideration
Payment Terms
Performance Obligations
Compliance
Force Majeure
Termination
Governing Law
Dispute Resolution
Notices
Assignment
Severability
Entire Agreement
Counterparts
Costs
Authority
Further Assurance
Third Party Rights
Waiver
Confidentiality
Data Protection
Execution
Financial Services
Manufacturing
Mining
Technology
Telecommunications
Real Estate
Construction
Healthcare
Retail
Agriculture
Energy
Professional Services
Transport and Logistics
Education
Legal
Compliance
Finance
Procurement
Commercial Operations
Risk Management
Business Development
Corporate Secretariat
Contract Administration
Operations
Legal Counsel
Contract Manager
Commercial Director
Chief Financial Officer
Business Development Manager
Procurement Manager
Compliance Officer
Risk Manager
Operations Director
Project Manager
Corporate Secretary
Managing Director
Chief Executive Officer
General Counsel
Legal Operations Manager
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