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First Amendment To Agreement
"I need a First Amendment To Agreement to modify our existing software license agreement with TechCorp GmbH, extending the term by 3 years until March 1, 2025, and updating the annual license fees to include a 5% increase."
1. Parties: Identification of all parties to the amendment, which must match the parties in the original agreement
2. Background: Reference to the original agreement including its date and parties, and brief explanation of why the amendment is needed
3. Definitions: Key terms used in the amendment, including reference to definitions in the original agreement that remain applicable
4. Amendment Effective Date: Specifies when the amendments take effect
5. Amendments: Detailed description of specific modifications to the original agreement, clearly referencing the sections being modified
6. Confirmation of Other Terms: Statement confirming that all other terms of the original agreement remain in full force and effect
7. Entire Agreement: Confirmation that the original agreement and this amendment constitute the entire agreement between the parties
8. Counterparts: Provision allowing execution in multiple counterparts
9. Governing Law: Confirmation that German law continues to govern the agreement as amended
10. Execution: Signature blocks for all parties
1. Recitals: Additional background information when complex circumstances led to the amendment
2. Interpretation: Special rules for interpreting the amendment in conjunction with the original agreement, if needed
3. Representations and Warranties: New or updated representations if material circumstances have changed
4. Costs: Allocation of costs related to preparing and executing the amendment, if relevant
5. Third Party Rights: Statement about rights of third parties in relation to the amendment, if applicable
6. Severability: Provision addressing the severability of amendment provisions, if not covered in original agreement
1. Schedule of Amendments: Detailed listing of all specific changes to the original agreement, often in table format showing original vs. amended text
2. Amended and Restated Exhibits: Any exhibits from the original agreement that are being modified
3. Comparison Version: Blacklined or redlined version showing changes to affected sections
4. Required Consents: Copies of any third-party consents required for the amendment
5. Corporate Authorizations: Evidence of authority to execute the amendment, if required
Authors
Amendment Effective Date
Original Agreement
Amended Agreement
Original Effective Date
Parties
Amended Terms
Surviving Provisions
Modified Sections
Existing Terms
Amendment Date
Recitals
Original Definitions
Additional Terms
Amended Exhibits
Consent
Governing Law
Modified Provisions
Execution Date
Interpretation Rules
Recitals
Definitions
Amendment Purpose
Original Agreement Reference
Effective Date
Scope of Amendment
Modified Terms
Price Adjustment
Term Extension
Payment Terms
Delivery Terms
Service Level Modifications
Performance Requirements
Quality Standards
Reporting Requirements
Personnel Changes
Territory Modifications
Product Specifications
Intellectual Property Rights
Confirmation of Other Terms
Representations and Warranties
Force Majeure
Notice Requirements
Assignment
Governing Law
Dispute Resolution
Entire Agreement
Severability
Counterparts
Electronic Execution
Authority to Execute
Costs and Expenses
Further Assurance
Third Party Rights
Execution
Manufacturing
Technology
Financial Services
Healthcare
Real Estate
Retail
Professional Services
Telecommunications
Energy
Construction
Automotive
Software and IT
Consumer Goods
Logistics
Pharmaceuticals
Legal
Procurement
Sales
Business Development
Commercial
Operations
Compliance
Finance
Contract Administration
Corporate Affairs
Legal Counsel
Contract Manager
Business Development Manager
Chief Legal Officer
Commercial Director
Procurement Manager
Sales Director
Account Executive
Corporate Lawyer
Compliance Officer
General Manager
Operations Director
Project Manager
Chief Executive Officer
Chief Financial Officer
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