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Amendment To Purchase Agreement

Amendment To Purchase Agreement Template for Singapore

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Key Requirements PROMPT example:

Amendment To Purchase Agreement

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

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What is a Amendment To Purchase Agreement?

An Amendment To Purchase Agreement is utilized when parties need to modify specific terms of their existing purchase arrangement while keeping the core agreement intact. This document is particularly relevant in Singapore's dynamic commercial environment, where business requirements frequently evolve. It must comply with Singapore contract law principles, including the requirement for consideration and proper execution. The amendment typically addresses changes in price, quantity, delivery terms, or specifications, and should clearly reference the original agreement while specifying which terms are being modified and which remain unchanged.

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

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

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

3. Definitions: Key terms used in the amendment, including reference to original definitions

4. Amendment Details: Specific modifications 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 Amendment To Purchase Agreement?

1. Additional Consideration: Required if new consideration is being provided for the amendment

2. Effective Date: If amendment takes effect on a date different from execution

3. Regulatory Compliance: If amendment requires specific regulatory acknowledgments

4. Third Party Consents: If amendment requires external approvals

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

1. Amended Terms: Detailed listing of specific changes to original agreement

2. Comparison Schedule: Side-by-side comparison of original and amended terms

3. Required Approvals: List of necessary third-party consents or regulatory approvals

4. Amended Payment Terms: If payment terms are being modified

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




















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Industries

Contract Act 1872: Primary legislation governing contract formation, modification, and enforcement in Singapore, including principles of contract amendments and consideration requirements

Sale of Goods Act (Chapter 393): Regulates transactions involving the sale of goods, including terms, conditions, and rights of parties in purchase agreements

Supply of Goods Act: Provides additional regulations regarding the supply of goods and related contractual obligations

Consumer Protection (Fair Trading) Act: Applies if the purchase agreement involves consumer goods, ensuring fair trading practices and consumer rights

Electronic Transactions Act 2010: Governs electronic transactions and digital signatures if the amendment will be executed electronically

Stamp Duties Act (Chapter 312): Determines stamp duty implications and requirements for contract modifications and amendments

Industry-Specific Regulations: Additional regulations depending on the subject matter of the purchase agreement (e.g., real estate, securities)

Registration Requirements: Legal requirements for registration of amendments if the original agreement was subject to registration

Common Law Principles: Includes doctrine of good faith, rules for contract variation, and general requirements for valid amendments under Singapore common law

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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