The Agreement As Amended is essential in the Indian business landscape where existing contractual relationships require modification due to changing business needs, regulatory requirements, or mutual agreement between parties. This document type is commonly used when substantial changes to an original agreement are needed, but a completely new agreement is unnecessary or impractical. It must comply with Indian contract law, including the Indian Contract Act, 1872, and may require registration under the Registration Act, 1908, depending on the nature of amendments. The document typically includes detailed references to the original agreement, specific clauses being modified, and clear articulation of new terms, making it crucial for business continuity and legal compliance. It's particularly valuable in long-term commercial relationships where periodic updates to terms, scope, or commercial arrangements are necessary.
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Key Requirements PROMPT example:
Agreement As Amended
"I need an Agreement As Amended to modify our existing IT services agreement with TechCorp Solutions, updating the service level requirements and increasing the contract value by 25%, with the changes to take effect from March 1, 2025."
1. Parties: Identification of all parties to the agreement, including their legal status and registered addresses
2. Background: Details of the original agreement, including its date and purpose, and the reason for the current amendments
3. Definitions: Definitions of terms used in both the original agreement and the amendment, including any new terms introduced
4. Amendment Authority: Reference to the clause in the original agreement that permits amendments and confirms the parties' authority to make these changes
5. Scope of Amendments: Clear statement of which provisions of the original agreement are being amended
6. Amended Terms: Detailed description of the new terms replacing the original provisions
7. Effective Date: Specification of when the amendments take effect
8. Continuing Effect: Confirmation that all other terms of the original agreement remain in full force and effect
9. Governing Law: Confirmation of the governing law, especially if different from the original agreement
10. Execution: Signature blocks for all parties
1. Recitals of Prior Amendments: Include if there have been previous amendments to list the history of all modifications
2. Representations and Warranties: Include if new representations are needed specific to the amendments
3. Regulatory Compliance: Include if amendments are being made to comply with new regulations or legal requirements
4. Third Party Consents: Include if amendments require approval from parties not signing the amendment
5. Costs and Expenses: Include if there are specific costs associated with implementing the amendments
6. Transition Provisions: Include if amendments require a transition period or phased implementation
1. Schedule of Amendments: Detailed table showing original clauses and their amended versions
2. Revised Commercial Terms: If applicable, updated pricing, payment terms, or commercial arrangements
3. Consolidated Agreement: Clean version of the agreement incorporating all amendments
4. Regulatory Approvals: Copies of any regulatory approvals required for the amendments
5. Amendment History: Chronological list of all previous amendments and their key changes
6. Updated Operational Procedures: If applicable, revised operational procedures reflecting the amendments
Authors
Relevant legal definitions
Amendment
Amendment Date
Amendment Effective Date
Applicable Law
Business Day
Confidential Information
Dispute
Effective Date
Force Majeure
Governing Law
Initial Agreement
Material Adverse Effect
Modified Terms
Original Agreement
Original Effective Date
Parties
Prior Amendments
Regulatory Authority
Remaining Provisions
Representatives
Revised Schedule
Stamp Duty
Surviving Provisions
Term
Territory
Third Party
Working Day
Amendment Date
Amendment Effective Date
Applicable Law
Business Day
Confidential Information
Dispute
Effective Date
Force Majeure
Governing Law
Initial Agreement
Material Adverse Effect
Modified Terms
Original Agreement
Original Effective Date
Parties
Prior Amendments
Regulatory Authority
Remaining Provisions
Representatives
Revised Schedule
Stamp Duty
Surviving Provisions
Term
Territory
Third Party
Working Day
Clauses
Interpretation
Amendment Authority
Scope of Amendment
Effective Date
Consideration
Representations and Warranties
Conditions Precedent
Conditions Subsequent
Amendment Implementation
Continuing Effect
Force Majeure
Indemnification
Confidentiality
Intellectual Property
Dispute Resolution
Governing Law
Jurisdiction
Notices
Assignment
Severability
Entire Agreement
Further Assurance
Costs and Expenses
Counterparts
Stamp Duty
Registration
Compliance with Laws
Third Party Rights
Waiver
Survival
Amendment Authority
Scope of Amendment
Effective Date
Consideration
Representations and Warranties
Conditions Precedent
Conditions Subsequent
Amendment Implementation
Continuing Effect
Force Majeure
Indemnification
Confidentiality
Intellectual Property
Dispute Resolution
Governing Law
Jurisdiction
Notices
Assignment
Severability
Entire Agreement
Further Assurance
Costs and Expenses
Counterparts
Stamp Duty
Registration
Compliance with Laws
Third Party Rights
Waiver
Survival
Relevant Industries
Information Technology
Manufacturing
Professional Services
Healthcare
Real Estate
Financial Services
Telecommunications
Retail
Education
Construction
Pharmaceutical
Automotive
Energy
Relevant Teams
Legal
Compliance
Commercial
Operations
Risk Management
Finance
Procurement
Business Development
Contract Administration
Corporate Secretarial
Project Management
Relevant Roles
Legal Counsel
Contract Manager
Compliance Officer
Business Development Manager
Project Manager
Chief Legal Officer
Commercial Director
Operations Manager
Risk Manager
Company Secretary
Managing Director
Chief Financial Officer
Procurement Manager
Account Manager
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