Free Business Addendum Template

BUSINESS ADDENDUM


I. Introduction

This Business Addendum (the "Addendum") is made and entered into as of August 9, 2055, by and between [Your Company Name] ("Party A") and Global Solutions Inc. ("Party B"). This Addendum modifies and supplements the existing contract titled "Service Agreement for IT Support" dated June 15, 2050 (the "Original Contract"). All terms and conditions of the Original Contract remain in full force and effect except as specifically modified by this Addendum.


II. Amendments/Changes

Section

Original Term

Amended Term

Payment Terms

Payment due within 30 days of the invoice date

Payment due within 45 days of the invoice date

Scope of Services

Includes consulting services only

Includes consulting and training services

Contract Duration

Contract term: 12 months

The Contract term was extended to 24 months

Deliverables

Monthly performance reports

Quarterly performance reports and bi-monthly meetings

Service Fees

$5,000 per month

$6,000 per month, with an additional fee for expedited support

Confidentiality

Standard confidentiality clause

Enhanced confidentiality with specific data protection measures


III. Effective Date

Effective Date

Original Contract Date

New Effective Date

June 15, 2050

June 15, 2050

August 9, 2055


IV. Termination Procedures

Termination Clause

Original Clause

Revised Clause

Termination Notice

30 days written notice

60 days written notice

Termination for Cause

Immediate upon breach

30 days to cure breach before termination

Termination by Mutual Agreement

Not specified

Either party may terminate by mutual agreement with 30 days' notice

Post-Termination Obligations

Standard data return and destruction clause

Enhanced data return protocols including secure transfer and certification of destruction


V. Signatures

[Your Name]

CEO

[Your Company Name]

[DATE SIGNED]

Emily Johnson

CEO

Global Solutions Inc.

[DATE SIGNED]


VI. Contact Information

Party A

Party B

[Your Name]

Emily Johnson

[Your Company Email]

Emily.email@company.com.fict

[Your Company Number]

987-654-3210

[Your Company Address]

456 Global Plaza, Suite 200, New York, NY, 10001


This Business Addendum is made effective as of August 9, 2055, and is intended to be legally binding. Please ensure all relevant sections are reviewed and agreed upon before signing.


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