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Addendum To Sales Contract Extension Of Closing
"I need an Addendum to Sales Contract Extension of Closing for a manufacturing equipment sale in Indonesia, extending the closing date from March 15, 2025, to June 15, 2025, due to pending regulatory approvals from the Ministry of Industry."
1. Parties: Identification of all parties to the original sales contract, maintaining the same names and designations as in the original agreement
2. Background: Reference to the original sales contract including its date, purpose, and any previous amendments, followed by the reason for this extension
3. Definitions: Key terms used in the addendum, incorporating relevant definitions from the original contract and any new terms specific to the extension
4. Extension of Closing Date: Clear statement of the new closing date and any conditions attached to this extension
5. Consideration: Statement of any consideration paid for the extension, if applicable
6. Effect on Original Agreement: Confirmation that all other terms and conditions of the original contract remain unchanged
7. Governing Law: Reaffirmation of Indonesian law as the governing law of the contract and addendum
8. Execution: Signature blocks for all parties and any required witnesses
1. Additional Conditions: Any new conditions specific to the extension period, used when the extension requires certain milestones or obligations to be met
2. Extension Fee: Details of any fees payable for the extension, included when there is a monetary consideration for the extension
3. Force Majeure: Additional force majeure provisions specific to the extension period, included when the extension is related to force majeure events
4. Representations and Warranties: Additional representations specific to the extension, included when parties need to confirm certain facts or conditions as of the extension date
5. Notice Provisions: Modified notice requirements during the extension period, included when communication requirements change
1. Schedule A - Original Agreement: Copy of the original sales contract being amended
2. Schedule B - Timeline: Updated timeline showing the new closing date and any intermediate milestones
3. Schedule C - Extension Payment Schedule: If applicable, schedule of any payments related to the extension
4. Appendix 1 - Corporate Approvals: Copies of any corporate approvals required for the extension
5. Appendix 2 - Supporting Documents: Any additional documents supporting the need for or terms of the extension
Authors
Original Closing Date
Extended Closing Date
Extension Period
Effective Date
Business Day
Seller
Buyer
Parties
Extension Fee
Closing Conditions
Closing Documents
Extension Notice
Original Terms
Governing Law
Force Majeure Event
Material Adverse Change
Additional Consideration
Closing Certificate
Extension Period Deliverables
Relevant Authorities
Working Day
Indonesian Rupiah
Authorized Representatives
Amendment
Recitals
Definitions
Extension of Closing Date
Consideration
Conditions Precedent
Representations and Warranties
Amendment
Original Agreement Status
Further Assurances
Costs and Expenses
Force Majeure
Notices
Governing Law
Dispute Resolution
Entire Agreement
Severability
Counterparts
Language Requirements
Authorizations and Consents
Time of Essence
Registration and Notarization
Real Estate & Property Development
Manufacturing
Mining & Resources
Agriculture & Plantations
Infrastructure & Construction
Technology & Software
Industrial Equipment
Commercial Property
Retail & Consumer Goods
Energy & Utilities
Legal
Commercial
Sales
Compliance
Corporate Secretarial
Risk Management
Business Development
Finance
Operations
Project Management
Legal Counsel
Contract Manager
Chief Legal Officer
Commercial Director
Business Development Manager
Company Secretary
Compliance Officer
Sales Director
Chief Financial Officer
Project Manager
Transaction Manager
Corporate Lawyer
General Counsel
Risk Manager
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