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Addendum To Purchase Agreement
"I need an Addendum to Purchase Agreement under Dutch law to modify the delivery schedule and increase the purchase price by 15% for our industrial equipment supply contract, with the changes to take effect from March 1, 2025."
1. Parties: Identification of all parties to the original Purchase Agreement, including their full legal names, addresses, and registration details if applicable
2. Background: Reference to the original Purchase Agreement including its date and subject matter, and brief explanation of why the addendum is needed
3. Definitions: Key terms used in the addendum, including reference to definitions from the original agreement that remain applicable
4. Reference to Original Agreement: Specific clause confirming the relationship between this addendum and the original agreement
5. Amendments: Detailed description of specific modifications to the original agreement, clearly referencing the original clause numbers being modified
6. Effect on Original Agreement: Statement confirming that all other terms of the original agreement remain in full force and effect
7. Effective Date: Specification of when the modifications take effect
8. Governing Law: Confirmation that Dutch law continues to govern the agreement
9. Execution: Signature blocks for all parties
1. Price Adjustment: Detailed section about price changes, payment terms modifications, or additional costs - include when the addendum involves financial terms
2. Timeline Modifications: Section detailing changes to delivery dates, milestones, or project schedules - include when timing changes are involved
3. Scope Changes: Detailed description of changes to the scope of goods/services - include when modifying what is being purchased
4. Additional Terms: New terms being added that were not part of the original agreement - include when introducing completely new provisions
5. Representations and Warranties: Additional or modified representations - include when new assurances are needed
6. Compliance Updates: Updates to reflect new regulatory requirements - include when modifications are driven by legal changes
1. Schedule of Amended Prices: Detailed breakdown of modified pricing structures or payment terms
2. Schedule of Modified Specifications: Technical specifications or detailed descriptions of modified products/services
3. Schedule of Revised Dates: Detailed timeline of modified delivery or performance dates
4. Original Agreement: Copy of the original Purchase Agreement for reference
5. Supporting Documentation: Any relevant documentation supporting the modifications (e.g., new technical specifications, regulatory requirements)
Authors
Retail
Manufacturing
Technology
Real Estate
Construction
Automotive
Consumer Goods
Industrial Equipment
Agriculture
Energy
Healthcare
Professional Services
Telecommunications
Software
Legal
Procurement
Commercial
Sales
Operations
Supply Chain
Finance
Compliance
Business Development
Contract Management
Legal Counsel
Procurement Manager
Contract Manager
Commercial Director
Business Development Manager
Sales Manager
Operations Manager
Supply Chain Manager
Project Manager
Chief Financial Officer
General Counsel
Purchasing Officer
Account Manager
Commercial Lawyer
Compliance Officer
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