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Amendment To Purchase Agreement

Amendment To Purchase Agreement Template for Indonesia

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Key Requirements PROMPT example:

Amendment To Purchase Agreement

"I need an Amendment to Purchase Agreement to modify the pricing structure in our existing agreement with PT Sinar Jaya Manufacturing, increasing unit prices by 15% effective March 1, 2025, while keeping all other terms unchanged."

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Document background
An Amendment To Purchase Agreement is utilized when parties need to modify terms of their existing purchase arrangement while maintaining the fundamental structure of the original agreement. This document type is essential in Indonesian commercial practice when circumstances require adjustments to pricing, quantity, delivery terms, specifications, or other key provisions of a purchase agreement. It must comply with Indonesian Civil Code requirements and commercial regulations, particularly regarding contract modifications and the principle of good faith (Itikad Baik). The amendment should be drafted with careful attention to Indonesian legal formalities, including proper execution requirements and witness attestation. This document is particularly crucial in maintaining clear commercial relationships while adapting to changing business needs or market conditions.
Suggested Sections

1. Parties: Identification of all parties to the amendment, matching those in the original agreement or identifying any changes in parties

2. Background: Reference to the original agreement, its date, and brief context for the amendment

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

4. Amendment Details: Specific clauses being amended, clearly stating both the original text and new text

5. Effect on Original Agreement: Statement confirming all other provisions of the original agreement remain in full force and effect

6. Governing Law: Confirmation of Indonesian law as governing law

7. Effective Date: Specification of when the amendments take effect

8. Execution: Signature blocks for all parties and witnesses

Optional Sections

1. Integration Clause: Used when multiple amendments exist to clarify the relationship between various amendments

2. Additional Representations: Include when new warranties or representations are required due to the nature of the amendments

3. Regulatory Compliance: Required when amendments involve regulated activities or require regulatory approval

4. Currency Provisions: Include when amendments affect payment terms involving foreign currency

5. Force Majeure Update: Used when amendments are related to force majeure events or risk allocation

6. Dispute Resolution Update: Include when amending dispute resolution procedures

Suggested Schedules

1. Schedule of Amendments: Detailed table or list of all specific amendments being made to the original agreement

2. Revised Price Schedule: If the amendment involves price changes, detailed breakdown of new pricing

3. Amended Technical Specifications: When changes involve technical or product specifications

4. Supporting Documents: Any relevant certificates, permits, or other documents required for the amendments

5. Comparison Version: Redlined version showing changes between original and amended versions

6. Corporate Authorizations: Copies of corporate approvals or board resolutions authorizing the amendment

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

Linkedin in social icon imageX social icon image
alex.den.21@genieai.co
Relevant Industries

Manufacturing

Retail

Construction

Technology

Agriculture

Mining

Energy

Consumer Goods

Industrial Equipment

Automotive

Telecommunications

Pharmaceutical

Real Estate

Shipping and Logistics

Relevant Teams

Legal

Procurement

Finance

Operations

Supply Chain

Compliance

Risk Management

Commercial

Corporate Secretariat

Business Development

Relevant Roles

Procurement Manager

Commercial Director

Legal Counsel

Contract Administrator

Supply Chain Manager

Chief Financial Officer

Operations Director

Purchasing Officer

Compliance Officer

Business Development Manager

General Manager

Country Manager

Corporate Secretary

Risk Manager

Industries
Indonesian Civil Code (KUH Perdata): The fundamental law governing contracts and agreements in Indonesia, particularly Book III on Obligations (Articles 1233-1456). It covers contract formation, validity, and amendments.
Law No. 8 of 1999 on Consumer Protection: If the purchase agreement involves consumer goods, this law protects consumer rights and establishes business obligations in commercial transactions.
Law No. 7 of 2014 on Trade: Governs trading activities in Indonesia, including domestic and international trade regulations that might affect purchase agreements.
Government Regulation No. 80 of 2019: Regulates electronic commerce transactions if the purchase agreement involves e-commerce elements.
Law No. 25 of 2007 on Investment: Relevant if the purchase agreement involves foreign investment or international parties, governing foreign business activities in Indonesia.
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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