LEGAL ADDENDUM
I. Introduction
This Legal Addendum is made as of August 9, 2051, by and between [Your Company Name] ("Party A") and Beta Enterprises ("Party B"). This addendum is intended to modify and supplement the terms and conditions outlined in the original agreement titled "Service Agreement," dated January 15, 2050. The purpose of this addendum is to address certain amendments and clarifications to the original agreement.
II. Amendments/Modifications
The following table outlines the specific changes, additions, and clarifications to the original agreement:
Section | Original Term | Amendment/Modification |
|---|
Payment Terms | Payment is due within 30 days of the invoice date. | Payment is due within 45 days of invoice date, with a 2% discount for payments made within 15 days. |
Delivery Schedule | Delivery within 15 days of order placement. | Delivery within 20 days of order placement, with expedited options available for an additional fee. |
Scope of Work | Includes basic maintenance services. | Includes advanced maintenance services, including on-site support and quarterly performance reviews. |
Confidentiality Clause | Standard confidentiality clause. | Enhanced confidentiality clause with specific non-disclosure agreement terms, including penalties for breaches. |
Termination Rights | Either party may terminate with 30 days' notice. | Either party may terminate with 30 days' notice but must provide written justification for termination. |
Warranty Period | 6-month warranty on all services provided. | 12-month warranty on all services provided, with a detailed repair and replacement policy included. |
III. Reaffirmation
Except as expressly modified by this addendum, all terms and conditions of the original agreement remain in full force and effect. The parties reaffirm and agree to abide by the terms of the original agreement as amended by this addendum. Any conflicts between the original agreement and this addendum shall be resolved in favor of the terms outlined in this addendum.
IV. Effective Date
This addendum shall become effective as of August 9, 2051.
V. Signatures
By signing below, the parties agree to the terms and conditions outlined in this addendum:
[Your Name]
[Your Company Name]
[DATE SIGNED]
Emily Johnson
Vice President of Contracts
[DATE SIGNED]
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