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Addendum To Consulting Agreement
"I need an Addendum to Consulting Agreement to extend our IT consulting services contract until March 15, 2025, and increase the monthly retainer fee from RM15,000 to RM20,000 due to expanded project scope."
1. Parties: Identification of the parties to the original consulting agreement, maintaining consistency with the original agreement's naming conventions
2. Background: Reference to the original agreement including its date and parties, and brief context for why the addendum is needed
3. Definitions: Key terms used in the addendum, including reference to definitions in the original agreement and any new terms introduced
4. Effective Date: Specification of when the modifications in the addendum take effect
5. Amendments: Clear articulation of the specific modifications to the original agreement, referencing relevant sections being modified
6. Ratification: Confirmation that all other terms and conditions of the original agreement remain in full force and effect
7. Governing Law: Confirmation that the addendum is governed by Malaysian law, consistent with the original agreement
8. Execution: Signature blocks for all parties to execute the addendum
1. Changes to Scope of Services: Used when modifying the scope of consulting services provided under the original agreement
2. Fee Modifications: Used when changing the fee structure, payment terms, or compensation arrangements
3. Term Extension/Modification: Used when changing the duration of the consulting engagement
4. Additional Deliverables: Used when adding new deliverables or modifying existing deliverable requirements
5. Personnel Changes: Used when specifying changes to key personnel or consultants assigned to the project
6. Revised Confidentiality Terms: Used when updating or adding confidentiality provisions
7. Modified Intellectual Property Rights: Used when changing the intellectual property ownership or usage rights
8. Insurance Requirements: Used when modifying insurance coverage requirements
1. Schedule A - Revised Scope of Services: Detailed description of modified or additional services to be provided
2. Schedule B - Modified Fee Structure: Detailed breakdown of revised fees, rates, or payment terms
3. Schedule C - Revised Timeline: Updated project timeline or milestone schedule
4. Schedule D - New Deliverables: Specifications for any new deliverables added to the agreement
5. Appendix 1 - Updated Personnel List: List of new or modified key personnel assignments
6. Appendix 2 - Revised Technical Requirements: Updated technical specifications or requirements
Authors
Technology
Financial Services
Manufacturing
Professional Services
Healthcare
Education
Energy
Telecommunications
Construction
Retail
Government
Mining
Agriculture
Transportation
Real Estate
Legal
Procurement
Finance
Operations
Human Resources
Compliance
Commercial
Business Development
Project Management Office
Risk Management
Corporate Affairs
Legal Counsel
Contract Manager
Procurement Manager
Project Manager
Business Development Manager
Chief Executive Officer
Chief Financial Officer
Chief Operating Officer
Managing Director
Consulting Director
Head of Legal
Commercial Director
Operations Manager
Human Resources Director
Compliance Officer
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