Free Addendum Template
Addendum
I. Introduction
This Addendum to the Legal Agreement (the "Addendum") is made and entered into as of August 8, 2050, by and between [Your Company Name], a corporation organized and existing under the laws of the State of California, with its principal place of business located at [Your Company Address] (the "Company"), and Advanced Solutions Inc., a corporation with its principal place of business at 456 Business Blvd, New York, NY 10001 (the "Other Party"). This Addendum is intended to incorporate additional legal information and updates to the existing agreement dated January 15, 2050 (the "Original Agreement").
II. Background
The parties entered into the Original Agreement on January 15, 2050, which outlines the terms and conditions governing their relationship. The parties wish to amend certain terms and add new provisions to the Original Agreement to reflect updated legal requirements and changes in the business environment.
III. Amendments to the Original Agreement
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Addition of New Clauses
The following clauses are hereby added to the Original Agreement:
A. Compliance with New Regulations
The parties agree to comply with all applicable laws, regulations, and standards introduced after the date of the Original Agreement. Specifically, this includes compliance with any new data protection laws or regulations, which will be updated as necessary.
B. Termination Clause
Either party may terminate this agreement with a notice period of 60 days if there is a significant breach of terms or if new legal requirements make the agreement untenable.
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Modification of Existing Clauses
The following modifications are made to the existing clauses of the Original Agreement:
A. Confidentiality
The confidentiality clause is updated to include provisions on data encryption and secure data transfer protocols, ensuring compliance with the latest cybersecurity standards.
B. Dispute Resolution
The dispute resolution process is revised to include mandatory mediation before any legal proceedings can be initiated. This change aims to encourage settlement through amicable negotiation.
IV. Updated Contact Information
A. Company Contact Details
|
Type |
Details |
|---|---|
|
Company Name |
[Your Company Name] |
|
|
[Your Company Email] |
|
Address |
[Your Company Address] |
|
Phone Number |
[Your Company Number] |
|
Website |
[Your Company Website] |
|
Social Media |
[Your Company Social Media] |
B. Other Party Contact Details
|
Type |
Details |
|---|---|
|
Name |
Advanced Solutions Inc. |
|
|
info@advancedsolutionsinc.com |
|
Address |
456 Business Blvd, New York, NY 10001 |
|
Phone Number |
(212) 555-6789 |
V. Legal Effect
This Addendum forms an integral part of the Original Agreement and shall be governed by and construed in accordance with the laws of the State of California. Except as expressly amended herein, all other terms and conditions of the Original Agreement remain in full force and effect.
VI. Execution
This Addendum is executed as of the date first above written and may be executed in counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.
IN WITNESS WHEREOF, the parties hereto have executed this Addendum as of the day and year first above written.
|
[Your Company Name] |
Advanced Solutions Inc. |
|---|---|
|
By: [Your Name] |
By: Emily Clark |
|
Title: Chief Legal Officer |
Title: Chief Operating Officer |
|
Date: August 8, 2050 |
Date: August 8, 2050 |
|
|
|
