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Addendum To Contract
"I need an Addendum to Contract to modify our existing supplier agreement dated January 15, 2025, extending the contract duration by 24 months and updating the pricing schedule to account for inflation."
1. Parties: Identification of all parties to the original contract who are affected by this addendum
2. Background: Reference to the original contract including date, parties, and subject matter, and brief explanation of why modification is needed
3. Definitions: Key terms used in the addendum, including reference to definitions from original contract that remain applicable
4. Amendments: Detailed description of specific modifications to the original contract, clearly identifying sections being modified
5. Effect on Original Agreement: Statement confirming all other terms of original contract remain in full force and effect
6. Governing Law: Confirmation that Nigerian law governs the addendum
7. Execution: Signature blocks for all parties, including dates and witness provisions as required under Nigerian law
1. Recitals: Additional background information when complex circumstances led to the modification
2. Consideration: Required when the modification involves new or modified financial terms
3. Conditions Precedent: Include when the modifications are subject to certain conditions being met
4. Representations and Warranties: Include when new representations are needed specific to the modification
5. Third Party Consents: Required when modifications affect rights of third parties or require their approval
6. Effective Date: Include when the modifications take effect on a date different from the execution date
1. Schedule of Amendments: Detailed listing of all specific changes to the original contract, including original and new language
2. Schedule of Updated Terms: Complete new versions of any sections that are substantially modified
3. Schedule of Consents: Copies of any required third-party consents or approvals
4. Schedule of Updated Pricing: If applicable, detailed breakdown of any modified pricing or payment terms
Authors
Oil and Gas
Manufacturing
Real Estate
Technology
Financial Services
Construction
Healthcare
Agriculture
Telecommunications
Retail
Education
Transportation
Professional Services
Energy
Mining
Legal
Procurement
Commercial
Operations
Finance
Human Resources
Compliance
Risk Management
Business Development
Sales
Contract Administration
Project Management
Executive Leadership
Administrative
Legal Counsel
Contract Manager
Business Development Manager
Project Manager
Procurement Manager
Commercial Director
Chief Executive Officer
Chief Financial Officer
Operations Manager
Human Resources Director
Compliance Officer
Risk Manager
General Manager
Account Manager
Sales Director
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