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Contract Amendment Letter

Contract Amendment Letter Template for Philippines

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Key Requirements PROMPT example:

Contract Amendment Letter

"I need a Contract Amendment Letter to modify our existing IT service agreement with TechPro Solutions, extending the service period by 24 months until March 15, 2025, and updating the monthly maintenance fee from PHP 50,000 to PHP 65,000."

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Document background
The Contract Amendment Letter is a crucial legal instrument in Philippine business practice, used when parties need to modify an existing contract without completely redrafting it. This document type is governed by the Civil Code of the Philippines and must comply with local contract modification requirements. It's commonly used when circumstances necessitate changes to specific contract terms such as duration, pricing, scope of services, or delivery terms, while keeping the original contract's framework intact. The letter should clearly identify the original contract, specify the amendments, and include proper execution formalities as required under Philippine law. This document type is particularly important in ensuring that contract modifications are properly documented and legally binding, providing clarity and preventing potential disputes regarding the agreed changes.
Suggested Sections

1. Date: Current date of the amendment letter

2. Addressee Details: Full name and address of the party to whom the letter is addressed

3. Reference to Original Contract: Clear identification of the original contract including its title, parties, and execution date

4. Background: Brief context explaining why the amendment is necessary or desired

5. Amendment Details: Specific clauses or terms being amended, clearly stating both the original and new versions

6. Effective Date: When the amendments will take effect

7. Confirmation of Other Terms: Statement confirming all other terms of the original contract remain unchanged

8. Signature Block: Space for authorized signatures, names, and titles of both parties

Optional Sections

1. Recitals: Additional background information when complex circumstances need to be documented

2. Conditions Precedent: Include when amendments are subject to certain conditions being met

3. Regulatory Compliance Statement: Required when amendments need specific regulatory approval or acknowledgment

4. Third Party Consents: Include when amendments require approval from other parties not directly signing the amendment

5. Governing Law Confirmation: Include when there's a need to reaffirm or change the governing law of the contract

Suggested Schedules

1. Schedule of Amended Clauses: Detailed listing of all clauses being amended, showing both original and new text

2. Schedule of Updated Terms: Any new terms or definitions being introduced through the amendment

3. Schedule of Required Approvals: List of any required regulatory or third-party approvals needed for the amendment

4. Appendix of Supporting Documents: Any relevant supporting documentation referenced in the amendment

Authors

Alex Denne

Head of Growth (Open Source Law) @ Ƶ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions
















Clauses
















Relevant Industries

Banking and Financial Services

Real Estate and Property

Manufacturing

Information Technology

Telecommunications

Construction

Retail and Commerce

Healthcare

Education

Energy and Utilities

Professional Services

Agriculture

Mining and Natural Resources

Transportation and Logistics

Hospitality and Tourism

Relevant Teams

Legal

Procurement

Commercial

Operations

Finance

Compliance

Risk Management

Business Development

Contract Administration

Corporate Secretariat

Relevant Roles

Legal Counsel

Contract Manager

Chief Legal Officer

Business Development Manager

Project Manager

Procurement Manager

Commercial Director

Chief Executive Officer

Chief Financial Officer

Operations Manager

Account Manager

Corporate Secretary

Compliance Officer

Risk Manager

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

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