The Supplemental Agreement is essential for businesses operating under Austrian jurisdiction who need to modify existing contractual arrangements without creating entirely new agreements. This document type is commonly used when parties need to update specific terms, add new provisions, or clarify existing clauses in their original contract. The agreement must comply with Austrian civil law requirements, particularly the Austrian Civil Code (ABGB) and commercial law provisions if applicable. It's particularly valuable in long-term commercial relationships where changing business needs require contract adjustments. The document typically includes clear references to the original agreement, specific modifications, and provisions ensuring proper integration with the existing contractual framework. A Supplemental Agreement is crucial for maintaining legal certainty while allowing for necessary contract evolution.
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1. Parties: Identification of all parties to the supplemental agreement (must match or properly reference the original agreement's parties)
2. Background: Context of the original agreement and reasons for this supplemental agreement
3. Definitions: Key terms used in the supplemental agreement, including references to definitions in the original agreement
4. Scope of Modification: Clear identification of which provisions of the original agreement are being modified
5. Modified Terms: Detailed description of the new or modified terms
6. Effect on Original Agreement: Statement clarifying which original terms remain in force and which are superseded
7. Integration: Provisions about how this supplement integrates with the original agreement
8. Governing Law: Confirmation of Austrian law governance (should match original agreement)
9. Execution: Signature blocks and execution requirements
1. Recitals: Additional background information when complex circumstances need explanation
2. Effective Date: Specific section on timing when the modifications take effect, if different from signing date
3. Additional Parties: Section adding new parties if required
4. Representations and Warranties: Additional confirmations if new substantive obligations are added
5. Costs and Expenses: Allocation of costs related to the supplemental agreement if relevant
6. Notices: Updated notice provisions if contact details have changed
1. Schedule of Amendments: Detailed table showing original clauses and their modified versions
2. Updated Pricing Schedule: If price terms are modified, detailed new pricing information
3. Modified Service Levels: If service levels are changed, detailed new requirements
4. Comparison Document: Redline showing changes against original agreement
5. Updated Contact Details: If relevant, new contact information for parties
6. Consent Documents: Any required third-party consents or approvals for the modifications
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