The Sales Contract Addendum Template serves as a crucial legal instrument for businesses operating under Singapore jurisdiction who need to modify their existing sales agreements. This document is particularly valuable when parties need to update pricing, change delivery terms, modify product specifications, or alter any other terms of their original sales contract. The template ensures compliance with Singapore's Sale of Goods Act and Contract Law while providing flexibility to accommodate various commercial requirements. It includes provisions for proper execution under Singapore law and maintains the integrity of the original agreement while incorporating necessary changes.
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Key Requirements PROMPT example:
Sales Contract Addendum Template
"I need a Sales Contract Addendum Template for updating the pricing and delivery terms of our existing agreement with a Singapore-based electronics supplier, which needs to take effect from March 1, 2025."
1. Parties: Identification of parties to the original contract and addendum
2. Background: Reference to original contract and reason for addendum
3. Definitions: Key terms used in the addendum
4. Amendments: Specific modifications to the original contract
5. Effect on Original Agreement: Statement on continuing validity of unmodified terms
6. Execution: Signature blocks and execution details
1. Additional Terms: New terms not present in original contract - use when introducing completely new provisions
2. Consideration: Details of any new consideration - use when there is additional payment or value exchange
3. Governing Law Update: Changes to jurisdiction or dispute resolution - use when modifying jurisdictional provisions
1. Schedule of Amendments: Detailed list of specific changes to original contract clauses
2. Updated Price Lists: Modified pricing schedules if applicable
3. Revised Specifications: Updated product or service specifications
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