Contract Addendum Template
[Party 1.FirstName][Party 1.LastName] [Party 1.Company]
[Party 2.FirstName][Party 2.LastName]
Contract Addendum 1 (herein referred to as the "Agreement") is entered into on the (Day) day of the (Month) month of (Year) ("Effective Date") between:
[Party 1.FirstName][Party 1.LastName] of [Party 1.Company] of [Party 1.StreetAddress][Party 1.City][Party 1.State][Party 1.Country][Party 1.PostalCode] (herein referred to as "Party 1") and
[Party 2.FirstName][Party 2.LastName] of [Party 2.Company] of [Party 2.StreetAddress][Party 2.City][Party 2.State][Party 2.Country][Party 2.PostalCode] (herein referred to as "Party 2") who may be collectively referred to as "the Parties" or generally as "Party."
WHEREAS, Parties entered into a contract titled (Title) on the (Day) day of (Month) of (Year) (herein referred to as "Contract") for the purposes of (contract purpose).
WHEREAS, Parties mutually desire to amend the previously entered into Contract to achieve the purpose of the Contract pursuant to the terms and conditions as set forth in the Contract.
WHEREAS, this Agreement is the (first/second/third/etcetera) amendment to the Contract and the most recent update to the Contract.
IN CONSIDERATION OF the mutual promises herein, the Parties agree to amend their obligations in the existing Contract and fulfill the terms and conditions as listed below:
Exhibit A attached to this Agreement represents the original provisions of the Contract that Parties mutually wish to amend. Parties agree that upon the Effective Date of this Agreement, Exhibit A provisions shall be unenforceable and deleted from the Contract in their entirety.
Exhibit B attached to this Agreement shall replace the provisions of the Contract as set forth in Exhibit A on the Effective Date of this Agreement. The provisions in Exhibit B shall remain in full force and effect until an additional addendum is drafted and signed, or the Contract is terminated.