An Addendum To Memorandum Of Agreement is a critical legal instrument used in Indonesian business practice when parties need to modify their existing contractual relationship without creating an entirely new agreement. This document type is particularly relevant when circumstances require adjustments to specific terms, timelines, scope, or obligations while maintaining the core structure of the original agreement. Under Indonesian law, such addenda must comply with the Civil Code (KUH Perdata) and relevant regulatory requirements, particularly regarding contract modifications and amendments. The document typically includes references to the original agreement, clearly stated modifications, and confirmation of continuing terms, ensuring legal certainty for all parties involved. It's commonly used across various sectors for business relationships requiring formal updates or modifications to existing arrangements.
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1. Parties: Identification of all parties to the original agreement, including their legal details and representatives
2. Background: Reference to the original agreement, its date, and general context for the addendum
3. Definitions: Key terms used in the addendum, including reference to definitions from the original agreement
4. Reference to Original Agreement: Specific citation of the original agreement and any previous amendments
5. Purpose of Amendment: Clear statement of the reason for the addendum
6. Amendments: Detailed description of specific modifications to the original agreement, with reference to relevant sections
7. Effective Date: When the amendments take effect
8. Reaffirmation: Statement that all other terms and conditions of the original agreement remain unchanged
9. Entire Agreement: Confirmation that this addendum forms part of the original agreement
10. Execution: Signature blocks and execution details
1. Regulatory Compliance: Include when amendments need to address specific regulatory requirements or changes
2. Additional Representations: Include when new warranties or representations are needed for the amended terms
3. Transitional Provisions: Include when changes require implementation period or transitional arrangements
4. Cost Allocation: Include when amendments affect financial terms or create new costs
5. Third Party Consents: Include when amendments require approval from external parties
6. Amendment to Dispute Resolution: Include when modifying dispute resolution procedures
1. Schedule of Amendments: Detailed table or list showing original clauses and their amended versions
2. Updated Financial Terms: If applicable, detailed breakdown of modified financial arrangements
3. Amended Timeline: If applicable, revised project schedules or deadlines
4. Supporting Documents: Any new certificates, permits, or authorizations required for the amendments
5. Corporate Authorizations: Updated corporate approvals or resolutions supporting the amendments
Relevant legal definitions
Clauses
Relevant Industries
Manufacturing
Technology
Infrastructure
Energy
Mining
Financial Services
Healthcare
Education
Real Estate
Transportation
Agriculture
Telecommunications
Retail
Construction
Professional Services
Relevant Teams
Legal
Compliance
Corporate Secretariat
Business Development
Operations
Finance
Risk Management
Commercial
Project Management
Executive Leadership
Procurement
Contract Administration
Relevant Roles
Legal Counsel
Contract Manager
Business Development Manager
Corporate Secretary
Chief Legal Officer
Compliance Officer
Project Manager
Operations Director
Chief Executive Officer
Chief Financial Officer
Commercial Director
Risk Manager
Partnership Manager
Account Executive
General Manager
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