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Addendum To Sales Contract
"I need an Addendum to Sales Contract to modify our existing agreement with Belgian supplier ABC Manufacturing, updating the unit prices with a 5% increase and extending delivery deadlines by 30 days, to take effect from March 1, 2025."
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1. Parties: Identification of all parties to the original sales contract, maintaining the same names and designations as in the original agreement
2. Background: Reference to the original sales contract including its date, parties, and subject matter, and brief explanation of why the addendum is needed
3. Definitions: Key terms used in the addendum, including reference to definitions in the original contract that remain applicable
4. Reference to Original Agreement: Formal statement confirming this document serves as an addendum to the specified original sales contract
5. Amendments: Clear and specific details of all modifications to the original contract, referencing the relevant sections being modified
6. Effect on Original Agreement: Statement confirming all other terms and conditions of the original agreement remain in full force and effect
7. Governing Law: Confirmation that Belgian law continues to govern the agreement
8. Execution: Signature blocks for all parties, including date and place of signing
1. Additional Representations and Warranties: Include when the modifications require new or updated representations from either party
2. Price Adjustments: Include when the addendum involves changes to pricing terms
3. Timeline Modifications: Include when delivery dates or project milestones are being adjusted
4. Payment Terms Changes: Include when payment schedules or methods are being modified
5. Force Majeure Updates: Include when force majeure provisions need to be modified or updated
6. Compliance with New Regulations: Include when changes are being made to ensure compliance with new laws or regulations
7. Dispute Resolution Updates: Include when dispute resolution procedures are being modified
1. Schedule of Amended Terms: Detailed listing of specific terms being modified, showing both original and new language
2. Updated Price List: If price changes are involved, detailed listing of new prices
3. Revised Delivery Schedule: If timing changes are involved, updated delivery or performance schedules
4. Modified Specifications: If product or service specifications are being changed, detailed technical specifications
5. Regulatory Compliance Documentation: Any necessary certificates or documentation required by Belgian law for the modifications
Authors
Manufacturing
Retail
Wholesale Trade
Technology
Industrial Equipment
Consumer Goods
Automotive
Chemical
Pharmaceutical
Construction
Agriculture
Energy
Telecommunications
Legal
Sales
Procurement
Commercial Operations
Contract Management
Business Development
Supply Chain
Compliance
Finance
Operations
Commercial Director
Sales Manager
Procurement Manager
Contract Administrator
Legal Counsel
Business Development Manager
Supply Chain Manager
Operations Director
Chief Commercial Officer
Purchasing Officer
Compliance Officer
Account Manager
Sales Operations Manager
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