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Addendum To Contract
"I need an Addendum to Contract for modifying our existing supplier agreement to extend the contract duration until March 2025 and update the pricing schedule, compliant with UAE law and including provisions for electronic signatures."
1. Parties: Identification of all parties to the original contract, maintaining the same names and designations as in the original agreement
2. Background: Reference to the original contract including its date, parties, and subject matter, and brief explanation of why the addendum is necessary
3. Definitions: Key terms used in the addendum, incorporating definitions from the original contract and any new terms introduced
4. Amendments: Detailed description of specific modifications to the original contract, clearly referencing the original clause numbers being modified
5. Effect on Original Agreement: Statement confirming that all other terms and conditions of the original contract remain unchanged and in full force and effect
6. Governing Law and Jurisdiction: Confirmation that the addendum is governed by UAE law and subject to the same jurisdiction as the original contract
7. Execution: Signature blocks for all parties, including space for dates and witness signatures if required
1. Effective Date: Specific section stating when the amendments take effect, if different from the signature date
2. Representations and Warranties: Additional confirmations by the parties regarding their authority to enter into the addendum, used when significant changes are being made
3. Costs and Expenses: Allocation of costs related to the preparation and execution of the addendum, if relevant
4. Counterparts: Provision allowing execution in multiple copies, useful for international contracts or when parties cannot sign simultaneously
5. Language: Specification of prevailing language if the addendum is executed in multiple languages, particularly relevant in UAE context
1. Schedule of Amendments: Detailed table or list showing the original clause text and the new amended text in parallel columns
2. Updated Price Schedule: If the addendum involves price changes, a comprehensive list of new prices or rates
3. Revised Timeline: If applicable, updated project milestones or delivery schedules
4. Authorization Documents: Copies of corporate approvals or powers of attorney proving authority to execute the addendum
Authors
Real Estate
Construction
Technology
Manufacturing
Retail
Healthcare
Financial Services
Energy
Telecommunications
Transportation
Professional Services
Hospitality
Education
Industrial
Media and Entertainment
Legal
Procurement
Commercial
Operations
Finance
Compliance
Risk Management
Business Development
Project Management
Contract Administration
Corporate Affairs
Strategy
Legal Counsel
Contract Manager
Project Manager
Commercial Director
Chief Executive Officer
Chief Financial Officer
Procurement Manager
Business Development Manager
Operations Manager
Risk Manager
Compliance Officer
General Manager
Department Head
Account Manager
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