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Addendum To Agreement

Addendum To Agreement Template for Malaysia

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Key Requirements PROMPT example:

Addendum To Agreement

"I need an Addendum to Agreement to modify the payment terms in our existing service contract with ABC Sdn Bhd, changing from quarterly to monthly payments and updating the payment amount to RM 25,000 per month, effective March 1, 2025."

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Document background
The Addendum To Agreement is a crucial legal instrument in Malaysian business practice, used when parties need to modify an existing agreement without creating an entirely new contract. This document type is essential when circumstances change, terms need updating, or parties agree to alter specific provisions of their original agreement. It must comply with Malaysian law, particularly the Contracts Act 1950 and relevant stamping requirements under the Stamp Act 1949. The addendum typically specifies exact changes to the original agreement, whether adding new terms, modifying existing ones, or removing provisions no longer needed. It's commonly used in various business contexts, from simple contract amendments to complex commercial relationship modifications, and must be carefully drafted to ensure it properly interfaces with the original agreement while maintaining legal certainty and enforceability.
Suggested Sections

1. Parties: Identification of all parties to the original agreement and confirmation that they are the same parties entering into this addendum

2. Background: Reference to the original agreement (including date and title) and brief explanation of why the addendum is necessary

3. Definitions: Key terms used in the addendum, incorporating definitions from the original agreement and any new terms specific to the addendum

4. Amendments: Detailed description of specific modifications, clearly identifying sections being amended, deleted, or added to the original agreement

5. Effect of Addendum: Statement confirming that all other terms of the original agreement remain in full force and effect except as modified by this addendum

6. Governing Law: Confirmation that the addendum is governed by Malaysian law, consistent with the original agreement

7. Execution: Signature blocks for all parties, including date of execution

Optional Sections

1. Effective Date: Include when the amendments take effect on a specific date different from the execution date

2. Interpretation: Include when complex amendments require specific rules of interpretation or when the addendum introduces significant changes to the interpretation of the original agreement

3. Representations and Warranties: Include when the amendments require new or updated representations from the parties

4. Conditions Precedent: Include when the amendments are subject to certain conditions being met before taking effect

5. Third Party Consents: Include when the amendments require approval or acknowledgment from parties not signatory to the original agreement

Suggested Schedules

1. Schedule of Amendments: Detailed table or list showing the original clause and the amended clause in parallel columns, used when there are multiple specific text changes

2. Amended and Restated Clauses: Complete text of any clauses that are being entirely replaced or substantially modified

3. Consent Letters: Copies of any required third-party consents or approvals related to the amendments

4. Marked-up Agreement: Optional appendix showing the original agreement with all changes marked up in track changes format

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓƵ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions















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Relevant Industries

Banking and Finance

Manufacturing

Technology and Software

Real Estate and Property

Construction

Healthcare

Education

Retail and Consumer Goods

Energy and Utilities

Telecommunications

Professional Services

Agriculture

Mining and Natural Resources

Transportation and Logistics

Media and Entertainment

Relevant Teams

Legal

Compliance

Corporate Secretarial

Commercial

Procurement

Business Development

Operations

Finance

Risk Management

Project Management

Executive Leadership

Relevant Roles

Legal Counsel

Contract Manager

Chief Legal Officer

Company Secretary

Business Development Manager

Commercial Director

Chief Executive Officer

Chief Financial Officer

Procurement Manager

Project Manager

Operations Director

Risk Manager

Compliance Officer

General Manager

Department Head

Industries





Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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