The Addendum To Memorandum Of Understanding serves as a formal modification tool when parties need to update their original agreement without creating an entirely new document. It's commonly used when circumstances change, new terms need to be added, or existing terms require clarification. Under U.S. law, this document must clearly reference the original MOU, specify the exact modifications being made, and be executed with the same formality as the original agreement. It's particularly useful for long-term arrangements where flexibility is needed to accommodate changing circumstances while maintaining the fundamental relationship established in the original MOU.
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1. Identification of Original MOU: Reference to the original MOU including date, parties, and subject matter
2. Parties: Names and details of all parties to the original MOU and addendum
3. Background: Context for the addendum and reason for modification
4. Definitions: Any new terms being introduced or modified definitions
5. Amendments: Specific modifications to the original MOU
6. Effect on Original MOU: Statement confirming all other terms remain in full force and effect
7. Execution: Signature blocks and date of addendum
1. Additional Terms: New provisions being added to the original MOU - used when introducing completely new terms not covered in the original MOU
2. Consideration: Details of any new consideration - used when required by state law or when new value is being exchanged
3. Governing Law Update: Modified jurisdiction or governing law - used when changing the governing law of the original MOU
1. Amended Exhibits: Updated versions of exhibits from the original MOU
2. New Schedules: Additional schedules supporting new terms or modifications
3. Comparison Document: Redline showing changes from original MOU to modified version
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