An Addendum To Sales Contract is a critical legal document used when parties need to modify their existing sales agreement without creating an entirely new contract. This document type is particularly important in the Nigerian business environment, where commercial relationships often need to evolve to accommodate changing circumstances. It's commonly used when parties need to adjust prices, modify delivery terms, update product specifications, or make other material changes to their original agreement. The addendum must be drafted in compliance with Nigerian contract law and should clearly reference the original agreement while precisely detailing the modifications. This document helps businesses maintain legal clarity while adapting their commercial relationships to new circumstances, ensuring that changes are properly documented and enforceable.
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1. Parties: Identification of all parties to the original sales contract, maintaining the same names and designations as in the original agreement
2. Background: Reference to the original sales contract including its date, parties, and subject matter, and brief explanation of why the addendum is needed
3. Definitions: Key terms used in the addendum, particularly any new terms not defined in the original contract
4. Amendment Details: Specific details of what is being modified in the original contract, citing relevant section numbers and original text
5. Effect on Original Agreement: Statement that all other terms and conditions of the original contract remain unchanged
6. Integration Clause: Statement that this addendum forms part of the original contract
7. Governing Law: Confirmation that the addendum is governed by Nigerian law, consistent with the original agreement
8. Execution: Signature blocks for all parties, including date of signing
1. Consideration: Required if the addendum involves changes to payment terms or other valuable consideration
2. Recitals: Detailed background information, needed if complex circumstances led to the modification
3. Effective Date: Specific section about when the changes take effect, if different from the signing date
4. Additional Representations: New representations and warranties if required by the nature of the modifications
5. Conditions Precedent: Include if there are specific conditions that must be met before the addendum becomes effective
1. Schedule of Amendments: Detailed list of all specific changes to the original contract, especially useful for multiple or complex modifications
2. Revised Price Schedule: If the addendum involves price changes, detailed breakdown of new pricing structure
3. Modified Specifications: If the addendum changes product or service specifications
4. Timeline Adjustments: If delivery or performance schedules are being modified
5. Consent Documents: Any required third-party consents or regulatory approvals related to the modifications
Authors
Relevant legal definitions
Clauses
Relevant Industries
Retail
Manufacturing
Technology
Agriculture
Oil and Gas
Construction
Real Estate
Automotive
Consumer Goods
Industrial Equipment
Telecommunications
Import/Export
Mining
Pharmaceutical
Relevant Teams
Legal
Sales
Procurement
Commercial
Operations
Finance
Compliance
Supply Chain
Business Development
Contract Administration
Relevant Roles
Contract Manager
Sales Director
Procurement Manager
Legal Counsel
Commercial Director
Business Development Manager
Operations Manager
Chief Financial Officer
Compliance Officer
Supply Chain Manager
Account Executive
Senior Sales Representative
Vendor Relations Manager
General Counsel
Managing Director
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