MODIFICATIONS TO I-IMA TERMS Clause Samples

The "Modifications to I-IMA Terms" clause establishes the process and authority for altering the terms of the International Intercompany Master Agreement (I-IMA). Typically, this clause outlines who within the parties can propose or approve changes, the required form such modifications must take (such as written amendments), and whether mutual consent is necessary. For example, it may specify that only authorized representatives can sign off on changes, and that verbal agreements are not valid. The core function of this clause is to ensure that any adjustments to the agreement are deliberate, documented, and agreed upon by all relevant parties, thereby preventing misunderstandings or unauthorized changes.
MODIFICATIONS TO I-IMA TERMS. The following sections of the I-IMA are modified or replaced as follows:
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