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Addendum for all Contracts or Agreements between Trustees of Institution and any Third-Party Vendor or Consultant

State:
Multi-State
Control #:
US-70233NMS
Format:
Word; 
Rich Text
Instant download

Description

This Addendum can be attached to most third party Vendor agreement to bring the Agreement into compliance with the institution's standard terms and conditions. (It is not applicable to Construction Agreements.) Should you have to make any revisions to specific clauses in this addendum or if the third party wants to revise insurance, indemnity, limitations of liability or waiver of subrogations, it is advised that you speak with your legal department and/or risk management department before making any changes. Read all contracts very carefully and negotiate all the terms and conditions to meet the institution’s needs and expectations. An addendum for all contracts or agreements between trustees of institution and any third-party vendor or consultant is a document that is added to an existing contract or agreement to make changes or additions to the original agreement. This type of addendum is used to supplement the original agreement and is legally binding. There are various types of addendum for all contracts or agreements between trustees of institution and any third-party vendor or consultant. These include: • Change of Scope: This type of addendum is used to modify the scope of the project, such as the services or deliverables provided. • Change of Price: This type of addendum is used to modify the price of the agreement. • Change of Terms: This type of addendum is used to modify the terms and conditions of the agreement, such as the start and end date. • Additional Services: This type of addendum is used to add additional services to the agreement. • Interim Payments: This type of addendum is used to modify the payment schedule of the agreement. • Indemnity: This type of addendum is used to provide additional indemnification protection for the trustees of the institution. • Termination: This type of addendum is used to modify the terms of termination of the agreement. • ForcMaturere: This type of addendum is used to provide additional protection for both parties in the event of extraordinary circumstances.

An addendum for all contracts or agreements between trustees of institution and any third-party vendor or consultant is a document that is added to an existing contract or agreement to make changes or additions to the original agreement. This type of addendum is used to supplement the original agreement and is legally binding. There are various types of addendum for all contracts or agreements between trustees of institution and any third-party vendor or consultant. These include: • Change of Scope: This type of addendum is used to modify the scope of the project, such as the services or deliverables provided. • Change of Price: This type of addendum is used to modify the price of the agreement. • Change of Terms: This type of addendum is used to modify the terms and conditions of the agreement, such as the start and end date. • Additional Services: This type of addendum is used to add additional services to the agreement. • Interim Payments: This type of addendum is used to modify the payment schedule of the agreement. • Indemnity: This type of addendum is used to provide additional indemnification protection for the trustees of the institution. • Termination: This type of addendum is used to modify the terms of termination of the agreement. • ForcMaturere: This type of addendum is used to provide additional protection for both parties in the event of extraordinary circumstances.

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Addendum for all Contracts or Agreements between Trustees of Institution and any Third-Party Vendor or Consultant