The Additional Agreement is a crucial legal instrument in Nigerian business practice, used when parties need to modify their existing contractual relationships without completely redrafting the original agreement. This document type is particularly relevant when circumstances change, new terms need to be added, or existing provisions require modification. Under Nigerian law, Additional Agreements must be properly executed, stamped, and registered (where applicable) to be legally enforceable. They are commonly used across various sectors of the Nigerian economy, from oil and gas to manufacturing and services. The document typically includes clear references to the original agreement, specific modifications being made, and confirmation of which original terms remain in force. It's essential for businesses operating in Nigeria to ensure these agreements comply with local legal requirements while effectively capturing the intended changes to the original contract.
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1. Parties: Identification of all parties to the agreement, matching those in the original agreement or identifying any new parties
2. Background: Reference to the original agreement (including date and parties) and explanation of why this additional agreement is necessary
3. Definitions: Key terms used in the additional agreement, including reference to definitions in the original agreement that remain applicable
4. Scope of Additional Agreement: Clear statement of which aspects of the original agreement are being modified, supplemented, or amended
5. Amendments to Original Agreement: Detailed description of specific changes, modifications, or additions to the original agreement
6. Effect on Original Agreement: Statement clarifying which provisions of the original agreement remain in full force and effect
7. Integration Clause: Statement on how this additional agreement integrates with the original agreement
8. Governing Law: Confirmation that Nigerian law governs the additional agreement
9. Execution: Signature blocks for all parties and execution requirements
1. Additional Representations and Warranties: Include when new representations or warranties are needed beyond the original agreement
2. Consideration: Include when there is new or additional consideration being provided
3. Conditions Precedent: Include when the amendments are subject to certain conditions being met
4. Term and Termination Updates: Include when modifying the duration or termination provisions of the original agreement
5. Dispute Reֱ Updates: Include when changing or adding dispute reֱ procedures
6. Notices: Include when updating contact information or notice procedures
1. Schedule of Amendments: Detailed table or list showing original clauses and their amended versions
2. Updated Payment Schedule: If financial terms are being modified, detailed breakdown of new payment terms
3. Comparison Schedule: Side-by-side comparison of original and amended terms for clarity
4. Supporting Documents: Any new certificates, permits, or other documents relevant to the additional agreement
5. Updated Contact Information: If applicable, new contact details for notices or communications
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