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Addendum To Agreement Of Sale

Addendum To Agreement Of Sale Template for Pakistan

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Key Requirements PROMPT example:

Addendum To Agreement Of Sale

"I need an Addendum to Agreement of Sale to modify the payment schedule for a commercial property purchase in Lahore, extending the final payment date to March 15, 2025, and adjusting the installment amounts while keeping the total purchase price unchanged."

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Document background
The Addendum To Agreement Of Sale is a crucial legal instrument used when parties need to modify an existing sale agreement without creating an entirely new contract. This document type is particularly relevant in the Pakistani legal context, where it must comply with the Contract Act 1872 and various other relevant statutes. It is commonly used when circumstances require adjustments to price, delivery terms, specifications, or other contractual elements after the original agreement has been signed. The addendum ensures that all modifications are properly documented, legally binding, and enforceable under Pakistani law while maintaining the validity of the original agreement's unchanged portions. This document type is essential for business continuity and legal compliance when dealing with evolving commercial relationships or changing circumstances in sale transactions.
Suggested Sections

1. Parties: Identification of all parties to the original agreement, maintaining the same names and designations as in the original agreement

2. Background: Reference to the original Agreement of Sale including its date, purpose, and parties, and brief explanation of why this addendum is necessary

3. Definitions: Key terms used in the addendum, incorporating by reference all definitions from the original agreement and adding any new definitions

4. Reference to Original Agreement: Specific clause confirming the continued validity of the original agreement except as modified by this addendum

5. Modifications: Detailed description of each change to the original agreement, referencing specific sections being modified, deleted, or added

6. Integration: Statement that this addendum forms part of the original agreement and should be read and construed as one document

7. Governing Law: Confirmation that the addendum is governed by Pakistani law, consistent with the original agreement

8. Execution: Signature blocks for all parties, witnesses, and any required attestation

Optional Sections

1. Representations and Warranties: Additional or modified representations and warranties specific to the changes being made

2. Consideration: Details of any new or additional consideration being paid as part of the modifications

3. Conditions Precedent: Any new conditions that must be met before the modifications take effect

4. Ratification: Explicit confirmation of all other terms and conditions of the original agreement

5. Dispute Resolution: Modified or additional dispute resolution procedures, if different from the original agreement

6. Notices: Updated notice provisions or contact information if changed from original agreement

Suggested Schedules

1. Schedule A - Original Agreement: Copy of the original Agreement of Sale being modified

2. Schedule B - Modified Clauses: Clean version of all modified clauses showing their new form

3. Schedule C - Comparison Version: Redline/comparison showing changes between original and modified clauses

4. Schedule D - Additional Documents: Any new documents or requirements referenced in the addendum

5. Appendix 1 - Required Approvals: Copies of any regulatory or third-party approvals required for the modifications

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈË°æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions

























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Legal Counsel

Contract Manager

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Industries






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Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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