An Addendum To Agreement is a crucial legal instrument used when parties need to modify their existing contractual relationship without creating an entirely new agreement. Under Indonesian law, this document must comply with specific requirements including the use of Indonesian language as mandated by Law No. 24 of 2009. The addendum is commonly used when parties need to change specific terms, add new provisions, extend deadlines, or modify commercial terms in their original agreement. It maintains the integrity of the original contract while incorporating necessary changes, making it an efficient tool for contract management. The document should clearly reference the original agreement, specify the exact modifications, and confirm the continuing validity of unchanged terms. Depending on the significance of the modifications and the nature of the original agreement, notarization may be required under Indonesian law.
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1. Parties: Identification of all parties to the original agreement, including their complete legal names, addresses, and authorized representatives
2. Background: Reference to the original agreement (including date and title), reason for the amendment, and confirmation that parties wish to amend the original agreement
3. Definitions: Key terms used in the addendum, including reference to definitions in the original agreement that remain applicable
4. Amendment Details: Specific clauses being amended, showing both original text and new text, with clear articulation of changes
5. Effect on Original Agreement: Statement confirming that all other provisions of the original agreement remain in full force and effect
6. Governing Law: Confirmation that the addendum is governed by Indonesian law, consistent with the original agreement
7. Language: Statement about the controlling language version (must include Indonesian per Law No. 24 of 2009)
8. Execution: Signature blocks for all parties, including space for dates and witnesses
1. Additional Parties: Section to add new parties to the agreement if required
2. Effective Date: Specific section defining when the amendments take effect, if different from signing date
3. Regulatory Compliance: Additional provisions to ensure compliance with specific regulations if amendments touch regulated areas
4. Ratification: Section confirming previous actions taken under the agreement if needed
5. Representations and Warranties: New or updated representations if amendments materially change obligations
6. Notarization Statement: Required if the amendment needs to be notarized under Indonesian law
1. Schedule of Amendments: Detailed table showing all modifications to the original agreement in tabular format
2. Updated Commercial Terms: If amendments involve commercial terms, detailed breakdown of new terms
3. Comparison Document: Blackline showing changes between original and amended versions
4. Required Approvals: Copies of any regulatory or corporate approvals required for the amendments
5. Powers of Attorney: If new signatories are involved, documentation of their authority to sign
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