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Addendum To Contract Form
"I need an Addendum To Contract Form to modify our existing supplier agreement with Al Madina Trading LLC, extending the contract duration by 24 months from January 2025 and updating the payment terms to include a 5% annual price escalation."
1. Parties: Identification of all parties to the original contract, including their full legal names, addresses, and registration details if applicable
2. Background: Reference to the original contract (including date and title), reason for modification, and confirmation that this addendum forms part of the original contract
3. Definitions: Key terms used in the addendum, including reference to definitions in the original contract that remain applicable
4. Amendments: Detailed description of specific modifications to the original contract, clearly identifying affected clauses and new provisions
5. Effect on Original Agreement: Statement confirming which provisions of the original contract remain in force and which are superseded
6. Governing Law and Jurisdiction: Confirmation of UAE law application and jurisdiction (usually matching the original contract)
7. Execution: Signature blocks for all parties, including date and place of signing
1. Consideration: Required if the addendum involves any exchange of value or new financial terms
2. Conditions Precedent: Include if the modifications are subject to certain conditions being met before taking effect
3. Third Party Consents: Required if any modifications require approval from parties not directly involved in the contract
4. Regulatory Compliance: Include if modifications trigger any regulatory requirements or approvals
5. Transitional Provisions: Include if changes require a phased implementation or temporary arrangements
1. Schedule of Amendments: Detailed table showing original clause text and new modified text side by side
2. Updated Payment Schedule: If financial terms are modified, include revised payment terms or schedules
3. Consent Documents: Copies of any required third-party or regulatory consents
4. Amended Specifications: If the addendum modifies technical specifications or scope of work
5. Execution Formalities: Any specific execution requirements under UAE law, such as notarization details or witness requirements
Authors
Real Estate
Construction
Financial Services
Technology
Healthcare
Manufacturing
Retail
Energy
Transportation
Telecommunications
Professional Services
Hospitality
Legal
Procurement
Operations
Finance
Compliance
Risk Management
Business Development
Commercial
Project Management
Contract Administration
Legal Counsel
Contract Manager
Business Development Manager
Project Manager
Procurement Manager
Commercial Director
Chief Legal Officer
Operations Manager
Finance Director
Compliance Officer
Risk Manager
Managing Director
CEO
General Manager
Department Head
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