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CITY OF COMMERCE Lilia R. Leon Mayor Ivan Altamira Council member Tina Back Del Rio Mayor Pro Tem Joe Aguilar Council member Denise M. Robles Council member ADDENDUM NO. 1 May 18, 2012, CITY OF COMMERCE

How to fill out addendum 1 - commerce

How to fill out addendum 1 - commerce?

1. Start by reviewing the original commerce agreement. Familiarize yourself with the terms and conditions outlined in the main contract before proceeding with the addendum.
2. Clearly identify the purpose of the addendum. Determine why it is necessary to make amendments or additions to the original agreement in the context of the commerce transaction.
3. Specify the changes or additions you want to make. Clearly state each modification or new provision you wish to include in the addendum. Be specific and provide as much detail as necessary to ensure clarity.
4. Consult with the other party involved in the commerce agreement. Collaborate and communicate with all relevant parties to ensure their agreement and understanding of the proposed changes.
5. Draft the addendum. Create a new document that includes a title, identification of the original commerce agreement, and clearly labeled sections for each change or addition. Make sure to maintain a professional and formal tone.
6. Include a preamble or introduction if necessary. A preamble can explain the purpose of the addendum or provide additional context for the changes being made.
7. Clearly state the modified or new provisions. For each change or addition, provide a concise and precise statement that accurately reflects the intended modification to the original agreement.
8. Include any necessary signatures and dates. Make sure all parties involved in the commerce agreement sign the addendum to indicate their acceptance and agreement with the modifications stated.
9. Distribute copies of the signed addendum. Provide a copy of the addendum to all relevant parties involved in the commerce agreement. This can be done electronically or in hard copy form, depending on the agreed-upon communication method.

Who needs addendum 1 - commerce?

The need for addendum 1 - commerce can arise in various situations involving commerce agreements. Here are some scenarios:

1. When both parties mutually agree to modify or add provisions to the original commerce agreement to address changing circumstances or new requirements.
2. When one party proposes changes or additions to the original commerce agreement, and the other party agrees to negotiate and potentially implement those modifications.
3. When external factors such as legal or regulatory changes affect the terms and conditions of the original commerce agreement, requiring an addendum to ensure compliance and alignment.

In all these cases, the addendum serves as a formal document that captures the agreed-upon changes or additions to the original commerce agreement, ensuring clarity, transparency, and enforceability.

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