The First Addendum To Agreement is a crucial document used in Indonesian business and legal practice when parties need to modify their existing contractual arrangements. This document type is particularly relevant when circumstances require changes to original terms while maintaining the fundamental structure of the agreement. It must comply with Indonesian legal requirements, including the Civil Code and Language Law No. 24 of 2009, which often necessitates bilateral drafting. The addendum should clearly reference the original agreement, specify all modifications, and confirm unchanged terms. It's commonly used for updating commercial terms, extending agreement periods, changing scope of work, or modifying party obligations. The document requires careful consideration of both business and legal implications, often involving review by multiple stakeholders and possible notarization requirements.
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1. Parties: Identification of all parties to the original agreement, with their complete legal names and addresses
2. Background: Reference to the original agreement (including date and title), reason for the amendment, and confirmation that parties wish to amend certain terms
3. Definitions: Key terms used in the addendum, including reference to definitions in the original agreement and any new definitions
4. Amendment Details: Specific clauses being amended, clearly stating the original clause and the new amended version
5. Confirmation of Other Terms: Statement confirming that all other terms and conditions of the original agreement remain unchanged
6. Effective Date: Specification of when the amendments take effect
7. Governing Law: Confirmation of Indonesian law as governing law
8. Language: Statement about language versions and which prevails (as per Law No. 24 of 2009)
9. Execution: Signature blocks for all parties
1. Recitals: Additional context about why the amendment is needed - used when complex background needs explanation
2. Interpretation: Rules for interpreting the addendum in conjunction with the original agreement - used when there are complex amendments
3. Conditions Precedent: Any conditions that must be met before the amendments become effective - used when amendments are subject to specific requirements
4. Representations and Warranties: New or updated representations - used when amendments affect parties' fundamental obligations
5. Costs: Allocation of costs related to the amendment - used when significant costs are involved in implementing changes
1. Schedule of Amendments: Detailed table showing original clauses and their amended versions
2. Updated Commercial Terms: If commercial terms are being amended, detailed listing of new terms
3. Comparison Version: Blackline showing changes between original and amended versions
4. Required Regulatory Approvals: List of any regulatory approvals needed for the amendments
5. Updated Execution Copies: Clean copies of any amended schedules from the original agreement
Relevant legal definitions
Clauses
Relevant Industries
Manufacturing
Technology
Mining
Oil and Gas
Financial Services
Real Estate
Infrastructure
Telecommunications
Healthcare
Retail
Agriculture
Construction
Transportation
Energy
Education
Relevant Teams
Legal
Compliance
Corporate Secretarial
Business Development
Commercial
Operations
Finance
Risk Management
Project Management
Procurement
Relevant Roles
Legal Counsel
Contract Manager
Business Development Manager
Corporate Secretary
Chief Legal Officer
Compliance Officer
Project Manager
Commercial Director
Chief Executive Officer
Chief Financial Officer
Operations Manager
Risk Manager
Company Director
General Manager
Partnership Manager
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