The Purchase Contract Addendum Template serves as a crucial tool for businesses and individuals in the United States who need to modify existing purchase agreements without creating entirely new contracts. This document type is particularly useful when parties need to update pricing, delivery schedules, specifications, or other terms while maintaining the validity of the original agreement. The template ensures compliance with federal and state contract laws, including the UCC, and provides a standardized format for documenting changes to the original purchase contract.
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1. Reference to Original Agreement: Details of the original purchase contract being modified, including date, parties, and subject matter
2. Parties: Identification and details of all parties involved in the original contract, including legal names and addresses
3. Purpose of Addendum: Clear statement explaining the reason for the addendum and its intended effect on the original agreement
4. Modifications: Detailed description of specific changes being made to the original contract, clearly stating what is being added, removed, or modified
5. Effect on Original Agreement: Statement confirming that all other terms and conditions of the original agreement remain in full force and effect
6. Signatures: Execution block for all parties, including date and signature lines for authorized representatives
1. Definitions: Section defining any new terms or concepts introduced in the addendum
2. Price Adjustments: Section detailing any modifications to pricing terms, payment schedules, or financial arrangements
3. Timeline Modifications: Section specifying any changes to delivery dates, performance schedules, or project milestones
4. Additional Terms: Section containing any new provisions or requirements not covered in the original agreement
1. Revised Price Schedule: Detailed breakdown of modified pricing, rates, or payment terms
2. Modified Delivery Schedule: Updated timeline showing revised delivery dates or performance milestones
3. Changed Specifications: Detailed documentation of any modifications to product or service specifications
4. Additional Documentation: Supporting documents, certificates, or exhibits referenced in the addendum
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