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Addendum To Purchase Agreement

Addendum To Purchase Agreement Template for Singapore

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Key Requirements PROMPT example:

Addendum To Purchase Agreement

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

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What is a Addendum To Purchase Agreement?

An Addendum To Purchase Agreement is utilized when parties need to modify terms of their existing purchase agreement without voiding the original contract. Common in Singapore commercial transactions, this document type addresses changes in price, quantity, delivery terms, or other contractual provisions. It must comply with Singapore contract law and relevant statutes, particularly the Contract Act and Sale of Goods Act. The addendum serves as a formal record of mutually agreed modifications while preserving the integrity of the original agreement.

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

1. Parties: Identification of the parties to the original agreement and addendum

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

3. Definitions: Any new terms being introduced in the addendum

4. Amendments: Specific changes to the original agreement

5. Confirmation: Statement that all other terms remain unchanged

6. Execution: Signature blocks and execution details

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

1. Additional Terms: Used when introducing completely new provisions to the agreement

2. Consideration: Used when the addendum involves changes to payment terms or new consideration

3. Conditions Precedent: Used when adding new prerequisites or conditions that must be met

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

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

2. Updated Price Schedule: Modified pricing terms or payment schedules

3. Original Agreement: Copy of the original agreement being amended

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

Contract Law of Singapore: Common law principles that form the foundation of Singapore's contract law system, including offer, acceptance, consideration, and intention to create legal relations

Singapore Contract Act (Cap. 53): Primary legislation governing contract formation, performance, and enforcement in Singapore

Unfair Contract Terms Act (Cap. 396): Legislation regulating unfair terms in contracts and limiting the extent to which civil liability can be excluded through contract terms

Sale of Goods Act (Cap. 393): Law governing contracts for the sale of goods, including conditions and warranties implied by law

Supply of Goods Act: Legislation governing the supply of goods and related transactions

Conveyancing and Law of Property Act (Cap. 61): Law governing real property transactions and conveyancing matters in Singapore

Housing and Development Act: Legislation governing public housing (HDB) properties and related transactions

Residential Property Act: Law regulating the purchase and ownership of residential properties by foreign persons

Electronic Transactions Act: Legislation governing electronic transactions and digital signatures in Singapore

Stamp Duties Act: Law governing stamp duties payable on instruments and transactions

Consumer Protection (Fair Trading) Act: Legislation protecting consumers against unfair practices and providing additional consumer rights

Consumer Protection (Trade Descriptions and Safety Requirements) Act: Law ensuring accurate trade descriptions and maintaining safety standards in consumer goods

Limitation Act: Legislation setting time limits for bringing legal actions and enforcing rights

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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