The Purchase Agreement Addendum Template is designed for situations where parties need to modify terms of an existing purchase agreement while maintaining its core structure. Common uses include updating pricing, delivery schedules, specifications, or other material terms. This template, governed by English and Welsh law, ensures modifications comply with UK commercial legislation and maintains consistency with the original agreement. It provides a structured approach to documenting changes while preserving the legal enforceability of the underlying contract.
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1. Parties: Identification of parties to the addendum and original agreement
2. Background: Reference to original agreement and reason for addendum
3. Definitions: Key terms used in the addendum, including reference to original agreement definitions
4. Amendments: Specific changes to the original agreement
5. Effect on Original Agreement: Statement confirming all other terms remain in force
6. Execution: Signature blocks and execution requirements
1. Additional Terms: New terms being added to original agreement - use when introducing new provisions not covered in original agreement
2. Price Adjustments: Changes to pricing or payment terms - use when modifying financial terms
3. Timeline Modifications: Changes to delivery or performance schedules - use when adjusting timeframes
4. Regulatory Compliance: Additional compliance requirements - use when addressing new regulatory requirements
1. Schedule of Amended Clauses: Detailed list of specific clauses being modified
2. Updated Price Lists: New pricing schedules if prices are being modified
3. Revised Specifications: Updated product or service specifications if being modified
4. Amended Delivery Schedule: Modified delivery or performance timelines
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