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Addendum To Memorandum Of Agreement Template for Saudi Arabia

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Key Requirements PROMPT example:

Addendum To Memorandum Of Agreement

"I need an Addendum to Memorandum of Agreement to modify the profit-sharing arrangements in our existing joint venture agreement with a Saudi partner, updating the distribution ratio from 60:40 to 50:50, effective March 1, 2025."

Document background
The Addendum To Memorandum Of Agreement serves as a crucial legal instrument in Saudi Arabia for modifying existing contractual relationships while ensuring compliance with both civil law and Sharia principles. This document type is particularly relevant when parties need to update terms, add provisions, or clarify aspects of their original agreement without drafting an entirely new contract. It must be structured to meet Saudi Arabian legal requirements, including proper Arabic language documentation and adherence to Islamic commercial principles. The addendum typically includes clear references to the original agreement, specific modifications, and confirmation of continuing validity of unmodified terms. This document type is especially important in Saudi Arabia's dynamic business environment, where changing market conditions and regulatory requirements often necessitate updates to existing agreements.
Suggested Sections

1. Parties: Identifies all parties to the original agreement and confirms their continued participation

2. Background: References the original MOA including its date, purpose, and registration details if any; explains the need for this addendum

3. Definitions: Defines key terms used in the addendum and references definitions from original agreement

4. Reference to Original Agreement: Explicitly states which agreement is being modified and confirms its continued validity

5. Modifications: Details specific changes to the original agreement, clearly referencing relevant sections being modified

6. Effect on Original Agreement: Confirms all other terms of the original agreement remain in full force and effect

7. Governing Law: Reaffirms Saudi law as governing law and compliance with Sharia principles

8. Execution: Signature blocks and execution requirements following Saudi legal requirements

Optional Sections

1. Additional Parties: Required if new parties are being added to the original agreement

2. Consideration: Include if there are financial implications to the modifications

3. Effective Date: Optional section specifying when modifications take effect if different from signing date

4. Representations and Warranties: Include if new representations are needed for the modifications

5. Notices: Include if there are changes to notice provisions or contact details

6. Language: Required if document is bilingual Arabic/English, specifying which version prevails

Suggested Schedules

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

2. Updated Payment Schedule: If modifications involve changes to payment terms or amounts

3. Revised Timeline: If modifications affect project schedules or deadlines

4. Powers of Attorney: If new signatories are involved, their authorization documents

5. Commercial Registration Documents: Updated company registration documents if required by modifications

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

Oil & Gas

Construction

Manufacturing

Technology

Healthcare

Education

Financial Services

Real Estate Development

Infrastructure

Telecommunications

Mining

Renewable Energy

Tourism

Defense

Agricultural

Relevant Teams

Legal

Compliance

Corporate Affairs

Business Development

Operations

Risk Management

Commercial

Project Management

Corporate Governance

Contract Administration

Relevant Roles

Legal Counsel

Contract Manager

Business Development Director

Chief Executive Officer

Chief Legal Officer

Project Manager

Commercial Director

Compliance Officer

Operations Manager

Risk Manager

Board Member

Managing Director

General Counsel

Corporate Secretary

Partnership Manager

Industries







Teams

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, 聽Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination, 聽Severance Pay, Governing Law, Entire Agreemen

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