The Addendum To Contract Form is a critical legal instrument used in Austrian business and legal practice when parties need to modify existing contractual arrangements without creating an entirely new agreement. This document type is essential when circumstances require changes to original contract terms, such as extending deadlines, adjusting prices, or modifying scope of work. Under Austrian law, particularly the ABGB, contract modifications must be documented with the same level of formality as the original contract. The addendum must clearly reference the original agreement, specify all modifications, and be properly executed by all parties. This document type is particularly valuable in maintaining legal certainty while allowing for necessary contractual flexibility in business relationships.
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1. Original Contract Identification: Details of the original contract being modified, including its date, parties, and subject matter
2. Parties: Identification of all parties to the original contract who are affected by this addendum
3. Background: Brief explanation of why the addendum is necessary and its purpose
4. Definitions: Any new terms being introduced by the addendum or reference to definitions in the original contract
5. Amendments: Specific modifications to the original contract, clearly stating what is being changed, added, or removed
6. Effect on Original Agreement: Statement confirming that all other terms of the original contract remain in full force and effect
7. Effective Date: When the modifications take effect
8. Execution: Signature blocks and formal requirements for proper execution under Austrian law
1. Recitals: Additional background information when complex circumstances need to be documented
2. Representations and Warranties: Include when new commitments or assurances are being made as part of the modification
3. Regulatory Compliance: When modifications require specific regulatory acknowledgments or compliance statements
4. Third Party Consents: When the modification requires approval from parties not directly involved in the contract
5. Conditions Precedent: When the modifications are subject to certain conditions being met before taking effect
1. Modified Clauses Schedule: Full text of amended clauses in their modified form
2. Comparison Schedule: Side-by-side comparison of original and modified clauses when extensive changes are made
3. Additional Documents: Any new documents or forms that are being incorporated into the contract through the addendum
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