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Addendum To Purchase Contract
"I need an Addendum To Purchase Contract to modify the delivery schedule and increase the purchase price by 15% for our software licensing agreement with TechCorp, which needs to take effect from March 1, 2025."
1. Identification of Original Agreement: References the original purchase contract being modified, including date and parties
2. Parties: Identifies all parties to the original agreement and addendum with their full legal names and addresses
3. Background: Explains the context and reason for the addendum, referencing the original agreement
4. Modifications: Details the specific changes to the original agreement, clearly stating what is being added, removed, or modified
5. Confirmation of Other Terms: Confirms all other original terms remain in effect and unchanged
6. Execution: Signature block and execution details for all parties
1. Definitions: New terms requiring definition, only included when introducing new terminology
2. Consideration: Details of any new payment or value exchange, included when modification involves financial changes
3. Effective Date: Specific date when changes take effect, included when implementation date differs from signing date
1. Modified Price Schedule: Updated pricing details if prices are being modified in the addendum
2. Revised Specifications: Updated product or service specifications if being modified
3. Timeline Amendments: Modified delivery or performance schedules if timing is being changed
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