A First Addendum To Agreement is commonly used when parties need to make specific changes to an existing contract without drafting an entirely new agreement. Under English and Welsh law, this document serves as a formal modification instrument that clearly outlines amendments while preserving the original agreement's integrity. It's particularly useful for updating terms, prices, deadlines, or scope of services while maintaining legal certainty and continuity in the contractual relationship.
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1. Parties: Identifies the parties to the addendum and original agreement
2. Background: References the original agreement and explains the need for the addendum
3. Definitions: Defines any new terms and incorporates definitions from original agreement
4. Amendments: Details specific changes to the original agreement
5. Confirmation: Confirms all other terms remain unchanged
6. Effective Date: Specifies when the amendments take effect
1. Interpretation: Used when new interpretation rules are needed for complex changes requiring specific interpretation guidance
2. Consideration: States the consideration for the variation when new consideration is being provided
3. Additional Terms: Introduces completely new terms when adding entirely new provisions not present in original agreement
1. Schedule of Amendments: Detailed listing of all amendments in tabular form
2. Revised Pricing Schedule: Updated pricing terms if applicable
3. Marked-up Agreement: Original agreement showing tracked changes
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