Legal Contract Addendum
Description | Details |
|---|
Addendum Number | 001 |
Effective Date | August 8, 2050 |
Contract Title | Service Agreement |
Original Contract Date | July 15, 2050 |
Parties Involved:
[Your Company Name]
Address: [Your Company Address]
Email: [Your Company Email]
Number: [Your Company Number]
Website: [Your Company Website]
Social Media: [Your Company Social Media]
Alpha Enterprises Inc.
Address: 456 Business Park Avenue, Suite 789, Commerce City, CA 90002
Email: info@alphaenterprises.com
Number: +1-555-987-6543
I. Introduction
This Addendum is made to clarify ambiguous terms in the Service Agreement dated July 15, 2050, between [Your Company Name] and Alpha Enterprises Inc. The purpose of this Addendum is to provide clear and unambiguous language regarding the following terms:
II. Clarifications
The following sections of the original Service Agreement are clarified as follows:
1. Scope of Services
Original Text:
"The service provider shall deliver services as per the client's requirements."
Clarified Text:
The service provider, [Your Company Name], shall deliver the following services to the client, Alpha Enterprises Inc.:
Service | Description | Delivery Date |
|---|
Consulting | Expert advice on business strategy. | August 15, 2050 |
Software Development | Custom software solutions tailored to client needs. | September 1, 2050 |
Technical Support | Ongoing support for implemented solutions. | Ongoing until contract end |
2. Payment Terms
Original Text:
"Payment will be made according to the agreed schedule."
Clarified Text:
The client, Alpha Enterprises Inc., agrees to the following payment terms:
Payment Milestone | Amount | Due Date |
|---|
Initial Deposit | $10,000 | July 20, 2050 |
50% Completion | $15,000 | August 30, 2050 |
Final Payment | $10,000 | September 15, 2050 |
3. Termination Clause
Original Text:
"The contract may be terminated by either party."
Clarified Text:
The contract may be terminated under the following conditions:
Termination Reason | Notice Period | Settlement Details |
|---|
Mutual Agreement | 30 days written notice | Final payment settled |
Breach of Contract | 15 days written notice | Compensation as per the contract |
III. Effective Date
This Addendum is effective as of August 8, 2050, and will be considered a part of the original Service Agreement. All other terms and conditions of the original contract remain unchanged and in full force.
IV. Signatures
By signing below, the parties acknowledge and agree to the terms of this Addendum.
[Your Company Name]
Name: [Your Name]
Date: August 8, 2050
Alpha Enterprises Inc.
Name: Jordan Smith
Date: August 8, 2050
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