The Addendum To Bill Of Sale serves as a crucial legal instrument in Philippine commercial transactions when parties need to modify their original sale agreement without creating an entirely new contract. This document type is particularly relevant when circumstances require adjustments to the original terms, such as price modifications, property description updates, or changes in delivery terms. Under Philippine law, such addenda must comply with the Civil Code's provisions on contracts and obligations, as well as specific requirements for commercial transactions. The document becomes especially important in complex sales where post-agreement modifications are necessary, ensuring all changes are properly documented and legally binding while maintaining the integrity of the original sale agreement.
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1. Parties: Identifies the original parties to the Bill of Sale, using the same names and designations as in the original document
2. Background: References the original Bill of Sale including its execution date and subject matter, and briefly states the reason for this addendum
3. Definitions: Defines any new terms introduced in the addendum and confirms that terms from the original Bill of Sale retain their meanings
4. Amendments: Clearly states all modifications, additions, or deletions to the original Bill of Sale, with specific reference to the sections being modified
5. Effect on Original Agreement: Confirms that all other terms and conditions of the original Bill of Sale remain in full force and effect
6. Integration: States that this addendum forms part of the original Bill of Sale and should be read and construed as one document
7. Execution: Signature block for all parties, including date and witness provisions as required by Philippine law
1. Consideration: Include when the modification involves additional payment or exchange of value
2. Representations and Warranties: Include when new representations are needed regarding the modified terms
3. Tax Provisions: Include when the modifications affect the tax implications of the original sale
4. Governing Law: Include if there's any change to the jurisdiction or dispute resolution provisions
5. Ratification: Include when certain aspects of the original agreement need to be explicitly confirmed or ratified
1. Schedule A - Modified Terms: Detailed listing of specific changes to terms, prices, or descriptions from the original Bill of Sale
2. Schedule B - Updated Property Description: If the addendum modifies the description of the property or items being sold
3. Appendix 1 - Original Bill of Sale: Attach a copy of the original Bill of Sale for reference
4. Appendix 2 - Supporting Documents: Any new certificates, permits, or documentation required for the modified terms
Relevant legal definitions
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Retail
Real Estate
Manufacturing
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Agriculture
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Mining
Technology
Maritime
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Industrial Equipment
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Legal
Sales
Procurement
Compliance
Finance
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Asset Management
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Legal Counsel
Contract Manager
Sales Manager
Procurement Manager
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Corporate Secretary
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