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Addendum To Agreement Template for Saudi Arabia

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Key Requirements PROMPT example:

Addendum To Agreement

"I need an Addendum To Agreement to modify the payment terms and delivery schedule in our existing supply agreement with Al Najm Trading Company, increasing the monthly order volume by 25% and extending payment terms from 30 to 45 days, effective March 1, 2025."

Document background
The Addendum To Agreement is a crucial document used in Saudi Arabian business practice when parties need to modify their existing contractual arrangements without drafting an entirely new agreement. It's commonly employed when circumstances require adjustments to commercial terms, timelines, scope of work, or other contractual provisions. This document type must comply with Saudi Arabian law, including both civil law elements and Sharia principles, making it essential to include appropriate references to Islamic commercial principles and local regulatory requirements. The addendum serves to document changes while preserving the validity and enforceability of the original agreement, making it particularly valuable in complex commercial relationships where flexibility is needed while maintaining legal certainty.
Suggested Sections

1. Parties: Full legal names and details of all parties to the original agreement and addendum

2. Background: Reference to the original agreement (including date and parties), reason for the addendum, and confirmation that the original agreement remains in force except as modified

3. Definitions: Key terms used in the addendum, including reference to definitions in the original agreement

4. Amendments: Clear and specific details of the modifications being made to the original agreement, with reference to specific clauses being modified

5. Effect on Original Agreement: Confirmation that all other terms of the original agreement remain in full force and effect

6. Governing Law: Confirmation that Saudi law and Sharia principles continue to govern

7. Execution: Signature blocks for all parties, including date and place of signing

Optional Sections

1. Interpretation: Include when complex amendments require specific rules of interpretation

2. Regulatory Compliance: Include when amendments involve regulated activities or require specific regulatory approvals

3. Additional Representations: Include when amendments require new warranties or representations from parties

4. Effective Date: Include when the amendments take effect on a date different from the signing date

5. Third Party Rights: Include when amendments affect rights of third parties or require third party consents

6. Islamic Finance Compliance: Include when amendments involve financial terms to ensure continued Sharia compliance

Suggested Schedules

1. Schedule of Amendments: Detailed table showing original clause text and new amended text

2. Schedule of Required Approvals: List of any regulatory or third-party approvals required for the amendments

3. Revised Commercial Terms: If applicable, updated pricing, payment terms, or other commercial provisions

4. Execution Formalities: Any specific execution requirements under Saudi law, including required notarizations or attestations

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




























Clauses


























Relevant Industries

Financial Services

Construction

Real Estate

Oil & Gas

Manufacturing

Technology

Healthcare

Retail

Transportation & Logistics

Professional Services

Telecommunications

Education

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Mining

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Relevant Teams

Legal

Procurement

Commercial

Finance

Compliance

Risk Management

Operations

Business Development

Project Management

Corporate Secretariat

Executive Leadership

Contract Administration

Relevant Roles

Legal Counsel

Contract Manager

Commercial Director

Chief Executive Officer

Chief Financial Officer

Procurement Manager

Business Development Manager

Project Manager

Compliance Officer

Risk Manager

Operations Director

General Manager

Company Secretary

Finance Director

Legal Director

Industries






Teams

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