Administration Contract
Amendment Slip
Instructions: Complete all sections of this slip to propose amendments to an existing contract. Ensure all proposed changes are clearly detailed. Submit this slip to the designated contract management team within our organization for review and processing.
Basic Contract Information
Original Contract ID | |
Date of Original Contract | |
Parties to the Contract | |
Amendment Details
Amendment ID | |
Date of Amendment | |
Description of Amendment | This amendment modifies the delivery schedule from quarterly to monthly deliveries, and updates the pricing terms to reflect a volume discount for increased monthly orders. Affected sections include 5.2 (Delivery Schedule) and 7.1 (Pricing Terms). |
Reason for Amendment
To accommodate our increased demand for products, and to secure better pricing through volume discounts, necessitating more frequent deliveries. |
Effect on Original Contract
Changes to Terms | Delivery schedule changed from quarterly to monthly. Pricing terms updated to include a 5% volume discount on orders exceeding [specific volume]. |
Financial Implications | Expected to decrease overall product costs by 10% due to the volume discount, despite the increase in shipping frequency. |
Approval Signatures
Requested by:
[Name]
[Position]
[Date]
Reviewed by:
[Name]
[Position]
[Date]
Approved by:
[Name]
[Position]
[Date]
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