Sample Addendum
SAMPLE ADDENDUM
I. Introduction
This Sample Addendum is made to the original agreement titled "Service Agreement for Marketing Consultation" dated June 15, 2052, between Creative Solutions LLC and [Your Company Name]. The purpose of this addendum is to address additional project requirements, clarify existing terms, and ensure alignment with the latest business objectives.
II. Amendments or Additions
A. Clause 1: Scope of Work
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Develop Social Media Campaign: Create and execute a comprehensive social media campaign targeting key demographics. The campaign will include daily posts, bi-weekly analytics reports, and monthly strategy meetings.
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Enhanced Market Research: Conduct in-depth market research to identify emerging trends and competitor strategies. This includes delivering a detailed report and presenting findings in a workshop session.
B. Clause 2: Payment Terms
Revised Payment Schedule: Payments will now be made every quarter instead of the original monthly schedule. The revised schedule will be as follows:
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Quarter 1 Payment: $15,000 due on July 1, 2052
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Quarter 2 Payment: $15,000 due on October 1, 2052
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Quarter 3 Payment: $15,000 due on January 1, 2053
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Quarter 4 Payment: $15,000 due on April 1, 2053
Additional Compensation: An additional compensation of $5,000 is agreed upon for the extra work outlined in the amended scope, payable upon completion of the market research report.
C. Clause 3: Termination Conditions
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Early Termination Notice: A minimum of 60 days written notice is required for early termination by either party. This ensures sufficient time to transition ongoing activities and responsibilities.
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Termination Penalty: A penalty of $10,000 will be applied if termination occurs before the agreed end date of December 31, 2053, without cause. This penalty compensates for the loss of anticipated revenue and resource allocation.
III. Effective Date
This addendum shall become effective on July 1, 2052, and will be considered part of the original agreement from this date forward.
IV. Attachments
The following documents are attached and form part of this addendum:
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Social Media Campaign Plan: A detailed outline of the campaign strategy, including target audience, content calendar, and key performance indicators.
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Market Research Proposal: An in-depth proposal for the market research project, including methodology, timeline, and deliverables.
V. Signatures
By signing below, the parties acknowledge and agree to the terms and conditions outlined in this Sample Addendum.
Creative Solutions LLC
Jordan Miller
Chief Marketing Officer
[Your Company Name]
[Your Name]
Head of Strategic Partnerships
Law Offices of Emily Carter
Emily Carter
Senior Legal Counsel
