SAMPLE ADDENDUM

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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.

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II. Amendments or Additions

A. Clause 1: Scope of Work

• 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.

• 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:

• Quarter 1 Payment: $15,000 due on July 1, 2052

• Quarter 2 Payment: $15,000 due on October 1, 2052

• Quarter 3 Payment: $15,000 due on January 1, 2053

• 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

• 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.

• 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.

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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.

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IV. Attachments

The following documents are attached and form part of this addendum:

• Social Media Campaign Plan: A detailed outline of the campaign strategy, including target audience, content calendar, and key performance indicators.

• Market Research Proposal: An in-depth proposal for the market research project, including methodology, timeline, and deliverables.

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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

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