An Addendum To Agreement is a crucial legal document used when parties need to modify, update, or clarify terms of an existing agreement without completely replacing it. Under Philippine law, such modifications must comply with the Civil Code's requirements for contract amendments while maintaining the essence of the original agreement. This document type is particularly important in the Philippine business environment where evolving commercial relationships often necessitate contract adjustments. The addendum typically includes specific references to the original agreement, clearly stated modifications, and provisions ensuring the continuing validity of unmodified terms. It's commonly used for updating payment terms, extending deadlines, adding or removing parties, or modifying scope of services, all while ensuring compliance with Philippine legal requirements for contract modifications.
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1. Parties: Identification of all parties to the original agreement and the addendum, including their legal names, addresses, and any registration details
2. Background: Reference to the original agreement including its date, parties, and subject matter, and brief explanation of why the addendum is needed
3. Definitions: Definitions of key terms used in the addendum, including reference to definitions in the original agreement that remain applicable
4. Amendments: Clear and specific details of the modifications being made to the original agreement, with reference to specific sections being modified
5. Effective Date: Specification of when the modifications will take effect
6. Continuing Effect: Confirmation that all other terms and conditions of the original agreement remain in full force and effect
7. Entire Agreement: Statement that the original agreement and this addendum constitute the entire agreement between the parties
8. Governing Law: Confirmation that the addendum is governed by Philippine law, consistent with the original agreement
9. Execution: Signature blocks for all parties, including spaces for dates and witnesses if required
1. Additional Parties: Section to be included if new parties are being added to the original agreement
2. Consideration: To be included if there is any new exchange of value related to the modifications
3. Representations and Warranties: Include if new representations or warranties are needed specific to the modifications
4. Conditions Precedent: Include if the modifications are subject to certain conditions being met before taking effect
5. Ratification: Include when there's a need to explicitly confirm the parties' commitment to both the original agreement and the modifications
6. Interpretation: Include when the modifications require specific guidance on how they should be interpreted in context of the original agreement
1. Schedule of Amendments: Detailed listing of all specific modifications to the original agreement, particularly useful for complex or numerous changes
2. Revised Payment Terms: If the modifications include changes to payment structures or amounts
3. Updated Contact Information: If the addendum includes changes to key contacts or addresses
4. Comparative Document: Side-by-side comparison of original and modified terms, useful for significant textual changes
Relevant legal definitions
Clauses
Relevant Industries
Manufacturing
Technology
Real Estate
Retail
Financial Services
Healthcare
Construction
Energy
Telecommunications
Agriculture
Transportation
Education
Business Process Outsourcing
Hospitality
Mining
Relevant Teams
Legal
Procurement
Compliance
Finance
Operations
Business Development
Risk Management
Commercial
Contract Administration
Corporate Secretariat
Project Management
Relevant Roles
Legal Counsel
Contract Manager
Business Development Manager
Procurement Manager
Corporate Secretary
Compliance Officer
Commercial Director
Operations Manager
Project Manager
Chief Legal Officer
Chief Financial Officer
Risk Manager
Account Executive
Partnership Manager
General Manager
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