Addendum To Agreement Of Sale Template for Indonesia

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Key Requirements PROMPT example:

Addendum To Agreement Of Sale

"I need an Addendum to Agreement of Sale to modify the purchase price and quantity for our industrial equipment supply contract with PT Industri Maju, reflecting a 15% price increase and doubling of order quantity, to be effective from March 1, 2025."

Document background
The Addendum To Agreement of Sale is a crucial legal instrument in Indonesian commercial transactions, used when parties need to modify their existing sale agreement while maintaining its fundamental structure. This document type is essential when circumstances require adjustments to original terms, such as changes in price, delivery conditions, specifications, or other contractual obligations. It must comply with Indonesian Civil Code requirements and often needs to be bilingual (Indonesian and English) for international transactions. The addendum serves as a bridge between the original agreement and new terms, ensuring legal continuity while accommodating necessary changes. It's particularly relevant in dynamic business environments where commercial terms may need adjustment during the course of a sale agreement's implementation.
Suggested Sections

1. Parties: Identification of all parties to the original agreement, including their complete legal names, addresses, and authorized representatives

2. Background: Reference to the original Agreement of Sale, including its date, purpose, and parties, and brief explanation of why the addendum is necessary

3. Definitions: Key terms used in the addendum, including references to definitions in the original agreement that remain applicable

4. Reference to Original Agreement: Explicit statement connecting this addendum to the original agreement and confirming its status as a modification

5. Amendments: Clear and specific details of the modifications being made to the original agreement, with reference to specific clauses being modified

6. Effect on Original Agreement: Statement confirming that all other terms and conditions of the original agreement remain in full force and effect

7. Governing Law: Confirmation that Indonesian law continues to govern the agreement and addendum

8. Execution: Signature blocks for all parties, including dates and company seals where required under Indonesian law

Optional Sections

1. Additional Representations and Warranties: Used when the modifications require new or updated representations from either party

2. Price Adjustments: Include when the addendum involves changes to pricing or payment terms

3. Timeline Modifications: Used when changing delivery dates, performance periods, or other time-sensitive terms

4. Force Majeure Updates: Include when updating force majeure provisions in light of new circumstances

5. Regulatory Compliance: Added when modifications must address specific regulatory requirements or changes

6. Additional Terms and Conditions: Used for introducing new terms not covered in the original agreement

7. Language Compliance: Required when the addendum needs to address Indonesian language requirements for international contracts

Suggested Schedules

1. Schedule A - Modified Terms: Detailed listing of specific terms being modified, showing both original and new language

2. Schedule B - Updated Pricing: If applicable, detailed breakdown of any price modifications or new pricing structures

3. Schedule C - Revised Specifications: When modifications involve changes to product or service specifications

4. Appendix 1 - Supporting Documents: Any relevant supporting documentation necessitating the changes

5. Appendix 2 - Regulatory Approvals: Copies of any required regulatory approvals or permits related to the modifications

6. Appendix 3 - Authorization Documents: Corporate authorizations or powers of attorney proving authority to execute the addendum

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant Industries

Retail

Manufacturing

Real Estate

Technology

Agriculture

Mining

Construction

Consumer Goods

Industrial Equipment

Automotive

Energy

Telecommunications

Healthcare

Pharmaceuticals

Food and Beverage

Import/Export

Relevant Teams

Legal

Commercial

Procurement

Sales

Business Development

Compliance

Operations

Contract Administration

Risk Management

Corporate Secretariat

Supply Chain

Relevant Roles

Legal Counsel

Contract Manager

Commercial Director

Procurement Manager

Sales Director

Business Development Manager

Corporate Secretary

Compliance Officer

General Manager

Chief Legal Officer

Chief Commercial Officer

Operations Manager

Project Manager

Supply Chain Manager

Risk Manager

Industries
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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