An Addendum To Sales Contract is essential when parties need to modify specific aspects of an existing sales agreement without creating an entirely new contract. This document is commonly used in Malaysian business transactions when circumstances require adjustments to original terms such as price, quantity, delivery schedules, or specifications. It must comply with Malaysian contract law, particularly the Contracts Act 1950 and Sale of Goods Act 1957. The addendum ensures legal continuity while allowing flexibility to adapt to changing business needs. It's particularly valuable when parties want to maintain their existing relationship but need to accommodate changes in business circumstances, market conditions, or mutual agreements. The document should be properly stamped according to the Stamp Act 1949 and can be executed either traditionally or digitally under the Digital Signatures Act 1997.
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1. Parties: Identifies the parties to the original sales contract and confirms they remain the same for this addendum
2. Background: References the original sales contract, its date, and explains the need for modification
3. Definitions: Defines key terms used in the addendum and incorporates definitions from the original contract
4. Amendments: Clearly states the specific modifications being made to the original contract, referencing relevant clause numbers
5. Confirmation: Confirms that all other terms and conditions of the original contract remain unchanged
6. Effective Date: Specifies when the modifications take effect
7. Integration: States that this addendum forms part of the original contract
8. Execution: Signature block for all parties
1. Additional Representations and Warranties: Include when the modifications require new representations or warranties from either party
2. Regulatory Compliance: Include when modifications trigger compliance with specific Malaysian regulations
3. Currency Adjustments: Include when price modifications involve currency considerations
4. Force Majeure Updates: Include when modifications are related to force majeure events or risk allocation
5. Dispute Resolution Modifications: Include when changing dispute resolution procedures from the original contract
1. Schedule of Amendments: Detailed table showing original clause vs. modified clause
2. Updated Price Schedule: If price modifications are involved, detailed breakdown of new pricing
3. Modified Delivery Schedule: If delivery terms are changed, updated delivery timeline
4. Revised Specifications: If product/service specifications are modified, detailed technical changes
Relevant legal definitions
Addendum
Original Contract
Effective Date
Amended Terms
Parties
Products
Purchase Price
Delivery Date
Specifications
Business Day
Governing Law
Ringgit Malaysia
Original Terms
Execution Date
Stamp Duty
Digital Signature
Contract Period
Force Majeure
Confidential Information
Authorized Representative
Original Contract
Effective Date
Amended Terms
Parties
Products
Purchase Price
Delivery Date
Specifications
Business Day
Governing Law
Ringgit Malaysia
Original Terms
Execution Date
Stamp Duty
Digital Signature
Contract Period
Force Majeure
Confidential Information
Authorized Representative
Clauses
Relevant Industries
Manufacturing
Retail
Wholesale Trade
Technology
Construction
Agriculture
Automotive
Electronics
Consumer Goods
Industrial Equipment
Mining
Oil and Gas
Pharmaceuticals
Real Estate
Relevant Teams
Legal
Procurement
Sales
Commercial
Finance
Compliance
Risk Management
Supply Chain
Business Development
Operations
Relevant Roles
Legal Counsel
Contract Manager
Procurement Manager
Sales Manager
Commercial Director
Business Development Manager
Chief Financial Officer
Chief Operating Officer
Company Secretary
Compliance Officer
Risk Manager
Supply Chain Manager
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