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Addendum To Contract
"I need an Addendum To Contract to modify the payment terms and delivery schedule in our existing supply agreement with ABC Manufacturing Ltd, to reflect the new quarterly payment structure starting from March 2025."
1. Identification of Original Agreement: Reference to the original contract being modified, including date and parties
2. Parties: Names and details of all parties to the original agreement and addendum
3. Background: Context and reasons for the addendum
4. Definitions: Any new terms being introduced or modified definitions
5. Amendments: Specific modifications to the original agreement
6. Effective Date: When the modifications take effect
7. Confirmation of Other Terms: Statement that all other terms remain unchanged
1. Additional Terms: New provisions being added to the original agreement, used when introducing completely new terms not present in original agreement
2. Consideration: Details of any new consideration, used when the modification involves new payment or value exchange
3. Interpretation: How the addendum should be read with the original agreement, used when complex modifications require clarification
1. Modified Clauses: Full text of amended clauses showing tracked changes
2. New Pricing Schedule: If price terms are being modified
3. Additional Services/Products: Details of any new items being added to scope
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