An Amendment To License Agreement is utilized when parties need to modify specific terms of an existing license arrangement while keeping the core agreement intact. This document, governed by Singapore law, typically addresses changes in scope, duration, pricing, or other key terms of the original license. It ensures compliance with Singapore's legal requirements while providing a clear record of agreed modifications. The amendment should clearly reference the original agreement and specify which provisions are being modified, added, or removed.
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Key Requirements PROMPT example:
Amendment To License Agreement
"Need an Amendment To License Agreement to expand our software usage rights from 100 to 500 users and extend the license term until March 2025, while keeping all other terms of our existing enterprise software license agreement unchanged."
1. Parties: Identification of the parties to the original agreement and amendment
2. Background: Reference to original agreement and reason for amendment
3. Definitions: Key terms used in the amendment, including reference to original definitions
4. Amendment Details: Specific modifications to the original agreement
5. Confirmation of Other Terms: Statement that all other terms remain unchanged
6. Effective Date: When the amendments take effect
1. Additional Parties: Used when new parties are being added to the agreement
2. Consideration: Required if there's a change in commercial terms
3. Regulatory Compliance: Added when amendments trigger specific regulatory requirements
4. Transitional Provisions: Used when implementation of changes requires a transition period
1. Comparison Schedule: Shows original vs amended clauses in tracked changes
2. Updated Commercial Terms: If financial or commercial terms are being modified
3. Consent Documents: Any required third-party consents or approvals
4. Execution Formalities: Any specific execution requirements or powers of attorney
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