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Addendum To Agreement Template for Austria

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Key Requirements PROMPT example:

Addendum To Agreement

"I need an Addendum to Agreement under Austrian law to modify our existing software license agreement with TechCorp GmbH, extending the license term by three years and updating the annual maintenance fees starting March 1, 2025."

Document background
The Addendum to Agreement is a crucial legal instrument used when parties need to modify an existing contract without creating an entirely new agreement. Under Austrian law, this document type is particularly important as it allows for efficient contract modifications while ensuring compliance with the Austrian Civil Code (ABGB) and relevant regulations. It's commonly used when circumstances change after the original agreement is signed, when parties wish to extend or modify specific terms, or when clarification of existing provisions is needed. The addendum must clearly reference the original agreement, specify all modifications, and ensure that all changes comply with Austrian legal requirements for contract modifications. This document type is essential for maintaining clear contractual relationships while adapting to changing business needs or circumstances.
Suggested Sections

1. Parties: Identification of all parties to the original agreement and confirmation that they are the same parties entering into this addendum

2. Background: Reference to the original agreement including its date and subject matter, and brief explanation of why modifications are needed

3. Definitions: Key terms used in the addendum, including reference to definitions in the original agreement and any new or modified definitions

4. Reference to Original Agreement: Specific identification of which agreement is being modified, including date, parties, and subject matter

5. Amendments: Detailed description of each modification to the original agreement, clearly stating what is being changed, added, or deleted

6. Confirmation of Other Terms: Statement that all other terms of the original agreement remain in full force and effect

7. Effective Date: When the modifications take effect

8. Execution: Signature blocks for all parties

Optional Sections

1. Interpretation: Section explaining how the addendum should be read in conjunction with the original agreement - used when there are complex modifications

2. Representations and Warranties: Additional or modified representations - included when the changes require new assurances from the parties

3. Conditions Precedent: Any conditions that must be met before the modifications take effect - used when changes are contingent on certain events

4. Regulatory Compliance: Reference to any regulatory requirements or approvals needed - included when modifications trigger regulatory obligations

5. Costs and Expenses: Allocation of costs related to the addendum - included when there are significant costs associated with the modifications

Suggested Schedules

1. Schedule of Amendments: Detailed listing of all specific changes to the original agreement, particularly useful for complex modifications

2. Amended and Restated Provisions: Full text of any provisions that are being completely replaced

3. Supporting Documentation: Any additional documents necessary to effect the modifications (e.g., corporate approvals, regulatory permits)

4. Comparison Version: Blacklined version showing changes against the original agreement text

5. Updated Commercial Terms: If the modifications include changes to commercial terms, detailed breakdown of the new terms

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok成人版 | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions




















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Financial Services

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Relevant Roles

Legal Counsel

Contract Manager

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Business Development Manager

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