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Addendum To Purchase Agreement
"I need an Addendum to Purchase Agreement under UAE law to modify the payment terms and delivery schedule of our existing equipment purchase agreement, adjusting the final payment date to March 15, 2025, and extending the delivery timeline by 3 months."
1. Parties: Identification of all parties to the original Purchase Agreement, maintaining the same names and designations as in the original agreement
2. Background: Reference to the original Purchase Agreement including its date and any previous amendments, and brief context for the current modification
3. Definitions: Key terms used in the addendum, incorporating definitions from the original agreement and any new terms introduced
4. Purpose of Amendment: Clear statement of the specific aspects of the original agreement being modified
5. Amendments: Detailed description of each modification, referencing specific sections or clauses of the original agreement being amended
6. Confirmation of Other Terms: Statement confirming that all other terms and conditions of the original agreement remain unchanged and in full force and effect
7. Governing Law: Confirmation that the addendum is governed by UAE law, consistent with the original agreement
8. Execution: Signature blocks for all parties, including date and place of signing
1. Payment Modifications: Required when changes involve payment terms, amounts, or methods
2. Timeline Amendments: Used when delivery dates or project milestones are being modified
3. Scope Changes: Necessary when modifying the scope of goods/services from the original agreement
4. Force Majeure Update: Added when modifications are related to force majeure events or risk allocation
5. Compliance Updates: Required when amendments are needed to ensure compliance with new laws or regulations
6. Dispute Resolution Modifications: Used when changing dispute resolution procedures or jurisdiction provisions
1. Schedule A - Revised Pricing: Detailed breakdown of any modified prices, payment schedules, or financial terms
2. Schedule B - Amended Specifications: Technical specifications or scope modifications, if applicable
3. Schedule C - Revised Timeline: Modified delivery dates, milestones, or project schedule
4. Schedule D - Changed Terms Matrix: Side-by-side comparison of original and modified terms for clarity
5. Appendix 1 - Supporting Documents: Any relevant supporting documentation referenced in the addendum
6. Appendix 2 - Regulatory Approvals: Copies of any required regulatory approvals for the modifications
Authors
Real Estate
Construction
Manufacturing
Retail
Technology
Energy
Healthcare
Automotive
Logistics
Professional Services
Hospitality
Trading
Legal
Procurement
Finance
Commercial
Operations
Business Development
Compliance
Risk Management
Supply Chain
Contract Administration
Legal Counsel
Procurement Manager
Contract Manager
Chief Financial Officer
Commercial Director
Business Development Manager
Operations Director
General Manager
Project Manager
Supply Chain Manager
Compliance Officer
Risk Manager
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