The contract annex is an addition or detailed elaboration of the terms in the main contract.
Hướng dẫn Biểu mẫu
- Document code: AH2-02
- Category: Other Documents
- Name according to regulations: Contract Appendix
- Individuals: People who participate in transactions or jobs such as renting/buying property, labor, business cooperation, or personal services.
- Enterprises, organizations: Companies and organizations that use contracts to establish business transactions such as contracts for the purchase and sale of goods, service contracts, labor contracts with employees, or cooperation contracts with partners.
- State agencies: When there are projects, bidding packages, cooperation with non-state organizations or enterprises.
- When there is a change in price, the parties can make an appendix to adjust the contract value without having to re-sign the entire contract.
- In case the work cannot be completed on time, the contract appendix can be used to adjust the performance time.
- When there is an addition or adjustment to the scope of work, list of goods or services, the contract appendix will update these changes.
- When there is a change in the method, time or form of payment compared to the original contract.
- In case it is necessary to clarify the detailed contents, rights and obligations of the parties, the contract appendix can be added to avoid misunderstandings.
- During the implementation process, the parties can agree on additional specific conditions, using the contract appendix to record these agreements.
- Accurately and completely record the information of both parties in the contract
- Clearly state the content of the contract appendix
- Không quy định
- Không quy định
- Depending on the agreement of both parties
- Depending on the type of contract, both parties are required to provide relevant document
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Thông tin tài liệu
CONTRACT APPENDIX
A Contract Appendix is a legal document made and attached to a principal contract to supplement, clarify, amend, or detail specific terms and conditions agreed upon by the parties. This document forms an integral part of the contract and has the same legal validity as the main agreement. The Contract Appendix is commonly used to regulate additional rights and obligations, technical specifications, price lists, implementation schedules, or other matters not fully addressed in the principal contract, serving as a legal basis for interpretation and performance in accordance with applicable law.
BENEFITS OF USING THIS DOCUMENT
Clarifies and supplements contractual terms: The appendix specifies detailed provisions, helping parties clearly understand and properly perform their contractual obligations.
Ensures legal compliance: The content and structure are prepared in line with contract law principles, reducing the risk of disputes arising from unclear or incomplete terms.
Enhances enforceability: As an integral part of the contract, the appendix carries full legal effect and can be used as a basis for enforcement when necessary.
Flexibility in contract management: Allows parties to update or supplement specific terms without modifying the entire principal contract, saving time and ensuring consistency.