Simplified Purchase Agreement (SPA) Modification Justification Form

Simplified Purchase Agreement (SPA) Modification Justification Form is a 1-page legal document that was released by the U.S. Government Publishing Office and used nation-wide.

FAQ

Q: What is a Simplified Purchase Agreement (SPA)?A: A Simplified Purchase Agreement (SPA) is a contract between a buyer and a seller that outlines the terms and conditions of a purchase.

Q: What is a Modification Justification Form for an SPA?A: A Modification Justification Form for an SPA is a document used to explain the reasons for making changes to an existing purchase agreement.

Q: Why would you need to modify an SPA?A: There may be various reasons to modify an SPA, such as changes in pricing, quantity, delivery dates, or other terms and conditions.

Q: What information is required on a Modification Justification Form?A: A Modification Justification Form typically requires details about the proposed changes, the rationale behind the modifications, and any potential impacts or benefits.

Q: Who is responsible for completing a Modification Justification Form?A: Typically, the party initiating the modification is responsible for completing the Modification Justification Form.

Q: What happens after submitting a Modification Justification Form?A: Once a Modification Justification Form is submitted, it will be reviewed by the parties involved, and a decision will be made regarding whether or not to approve the proposed modifications.

Q: Is a Modification Justification Form legally binding?A: A Modification Justification Form itself is not legally binding, but it serves as a supporting document for the modifications being made to the original SPA.

Q: Who should retain a copy of the Modification Justification Form?A: Both parties involved in the modification should retain a copy of the Modification Justification Form for record-keeping purposes.