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Addendum Amendment To Purchase And Sale Agreement

Addendum Amendment To Purchase And Sale Agreement Template for Singapore

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Key Requirements PROMPT example:

Addendum Amendment To Purchase And Sale Agreement

"I need an Addendum Amendment To Purchase And Sale Agreement to modify the delivery schedule and increase the purchase price by 15% for our manufacturing equipment contract, with the changes to take effect from March 1, 2025."

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What is a Addendum Amendment To Purchase And Sale Agreement?

An Addendum Amendment To Purchase And Sale Agreement is utilized when parties need to modify specific terms of their original purchase and sale arrangement without creating an entirely new agreement. This document is particularly relevant in Singapore's commercial context, where it must comply with local contract law and commercial regulations. It typically addresses changes in price, delivery terms, specifications, or other material terms of the original agreement. The document ensures legal continuity while implementing necessary changes, and must be executed in accordance with Singapore's formal requirements for contract modifications.

What sections should be included in a Addendum Amendment To Purchase And Sale Agreement?

1. Parties: Identification of all parties to the amendment

2. Background: Reference to original agreement and reason for amendment

3. Definitions: Key terms used in the amendment

4. Amendment Details: Specific changes to the original agreement

5. Confirmation of Other Terms: Statement that all other terms remain unchanged

6. Effective Date: When the amendment takes effect

7. Execution: Signature blocks and execution details

What sections are optional to include in a Addendum Amendment To Purchase And Sale Agreement?

1. Additional Consideration: Required when the amendment involves changes to pricing or payment terms

2. Conditions Precedent: Required when amendment is contingent on certain events or approvals

3. Regulatory Compliance: Required when amendment triggers specific regulatory obligations

What schedules should be included in a Addendum Amendment To Purchase And Sale Agreement?

1. Schedule of Amendments: Detailed list of specific changes to original agreement

2. Revised Price Schedule: Updated pricing terms and conditions if amendment involves price changes

3. Updated Delivery Schedule: Modified delivery terms and timelines if amendment affects timing

4. Original Agreement: Copy of the original agreement being amended as reference

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

















Industries

Application of English Law Act: Primary legislation governing contract law in Singapore, incorporating English common law principles into Singapore's legal framework

Sale of Goods Act (Cap. 393): Regulates the sale of goods and provides legal framework for commercial transactions in Singapore

Unfair Contract Terms Act (Cap. 396): Controls the use of unfair terms in contracts and limits the extent to which civil liability can be excluded in contracts

Civil Law Act (Cap. 43): Fundamental legislation governing civil matters including contracts and civil obligations in Singapore

Residential Property Act: Regulates the purchase and ownership of residential properties by foreign persons in Singapore

Housing and Development Act: Governs public housing (HDB properties) transactions and related matters in Singapore

Conveyancing and Law of Property Act: Regulates property transactions and real estate conveyancing procedures in Singapore

Land Titles Act: Establishes and governs the land titles system in Singapore, including registration of property ownership

Electronic Transactions Act: Provides legal framework for electronic signatures and electronic execution of documents

Stamp Duties Act: Governs taxation aspects of property and document transactions through stamp duty collection

Consumer Protection (Fair Trading) Act: Protects consumer interests and ensures fair trading practices in consumer transactions

Common Law Doctrine of Consideration: Legal principle requiring that contract modifications must be supported by fresh consideration

Contract Modification Rules: Legal principles governing how existing contracts can be validly modified or amended

Singapore Contract Interpretation Principles: Legal guidelines for interpreting contract terms and provisions under Singapore law

MAS Regulations: Regulatory requirements set by the Monetary Authority of Singapore affecting certain types of transactions

Singapore Law Society's Conditions of Sale: Standard conditions governing property sales as established by the Law Society of Singapore

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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