Addendum To Agreement Of Sale Template for Saudi Arabia

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Key Requirements PROMPT example:

Addendum To Agreement Of Sale

"I need an Addendum to Agreement of Sale for a manufacturing equipment purchase in Saudi Arabia, where we're modifying the delivery schedule and increasing the purchase price by 15% due to supply chain issues, with the changes to take effect from March 1, 2025."

Document background
An Addendum To Agreement Of Sale is utilized when parties need to modify, clarify, or supplement terms in an existing sale agreement without creating an entirely new contract. This document type is particularly important in the Saudi Arabian context, where changes to commercial agreements must comply with both civil law requirements and Sharia principles. It's commonly used when circumstances require adjustments to price, delivery terms, specifications, or other contractual obligations. The addendum must be drafted in compliance with Saudi commercial laws and may require Arabic translation for official purposes. It's essential for maintaining clear documentary evidence of agreed changes while ensuring continuity with the original agreement. This document type is frequently used in both domestic Saudi transactions and international commercial dealings involving Saudi entities.
Suggested Sections

1. Parties: Identification of all parties to the original agreement and the addendum

2. Background: Reference to the original Agreement of Sale, its date, and purpose for the addendum

3. Definitions: Key terms used in the addendum, including reference to definitions in the original agreement

4. Amendment Details: Specific modifications being made to the original agreement, clearly stating both original and new terms

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

6. Governing Law and Jurisdiction: Confirmation of Saudi law governance and Sharia compliance

7. Execution: Signature blocks and execution requirements compliant with Saudi law

Optional Sections

1. Consideration: Required if the amendment involves any new or modified financial terms

2. Regulatory Compliance: Include when amendments relate to regulated industries or require specific regulatory approvals

3. Third Party Consents: Include when amendments require approval from additional parties not part of the original agreement

4. Representations and Warranties: Include when amendments involve new commitments or changes to existing warranties

5. Effective Date: Include when amendment effective date differs from execution date

6. Language: Include when document is bilingual Arabic/English to specify controlling language

Suggested Schedules

1. Schedule of Amendments: Detailed list of specific clauses being modified, showing original and new text

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

3. Regulatory Approvals: Copies of any required regulatory approvals or permits related to the amendment

4. Consent Documents: Copies of third-party consents or approvals if required

5. Revised Technical Specifications: If amendment involves changes to technical aspects of the sale items

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 legal definitions
Relevant Industries

Retail

Manufacturing

Real Estate

Construction

Technology

Automotive

Energy

Healthcare

Agriculture

Mining

Consumer Goods

Industrial Equipment

Telecommunications

Relevant Teams

Legal

Procurement

Sales

Compliance

Finance

Operations

Risk Management

Commercial

Business Development

Contract Administration

Relevant Roles

Legal Counsel

Contract Manager

Commercial Director

Procurement Manager

Sales Director

Business Development Manager

Compliance Officer

Chief Financial Officer

General Manager

Operations Director

Project Manager

Risk Manager

Company Secretary

Chief Executive Officer

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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