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Contract Addendum Letter
"I need a Contract Addendum Letter to modify our existing service agreement with ABC Technologies Private Limited, extending the contract term by 24 months until March 15, 2025, and updating the monthly service fees to reflect a 10% increase."
1. Letter Header and Date: Official letterhead, date, and reference number of the addendum
2. Recipient Details: Full name and address of the recipient party
3. Original Contract Reference: Clear identification of the original contract including its title, parties, and date of execution
4. Purpose Statement: Brief statement explaining the reason for the addendum
5. Modification Details: Specific changes being made to the original contract, including references to relevant sections being modified
6. Effective Date: When the modifications will take effect
7. Confirmation of Other Terms: Statement confirming all other terms of the original contract remain unchanged
8. Signature Block: Space for authorized signatures, names, and titles of both parties
1. Recitals: Background information explaining the context and reasons for the modifications, used when complex changes need contextual explanation
2. Consideration Statement: Statement of consideration if new value is being exchanged, required when the modification involves new or modified financial terms
3. Governing Law Confirmation: Restatement of governing law, needed if the original contract's governing law is being modified or needs emphasis
4. Counterparts Clause: Statement allowing execution in counterparts, useful for parties signing in different locations
5. Witness Requirements: Space for witnesses if required by local law or party preference
1. Schedule of Modifications: Detailed table or list showing original contract clauses and their modified versions, used for multiple or complex modifications
2. Updated Price Schedule: If the modification involves price changes, a detailed breakdown of new pricing terms
3. Supporting Documents: Any relevant documents supporting the modifications, such as corporate authorizations or regulatory approvals
4. Amended Exhibits: Updated versions of any exhibits from the original contract that are being modified
Authors
Manufacturing
Technology and Software
Construction and Real Estate
Financial Services
Healthcare
Retail and Commerce
Energy and Utilities
Telecommunications
Professional Services
Education
Transportation and Logistics
Agriculture
Legal
Procurement
Commercial
Operations
Finance
Compliance
Risk Management
Business Development
Project Management
Corporate Secretariat
Administrative
Contract Administration
Legal Counsel
Contract Manager
Business Development Manager
Chief Executive Officer
Chief Financial Officer
Procurement Manager
Project Manager
Commercial Director
Operations Manager
Company Secretary
Risk Manager
Compliance Officer
General Manager
Department Head
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