Document background
The Addendum To Purchase Agreement is a critical document used when parties need to modify an existing purchase agreement without creating an entirely new contract. Under Swiss law, particularly governed by the Swiss Code of Obligations, this document provides a formal mechanism to update terms, prices, deadlines, or other specific provisions while maintaining the legal framework of the original agreement. It's commonly used when business circumstances change, requiring adjustments to the original terms, or when parties agree to modify specific aspects of their commercial relationship. The addendum must clearly reference the original agreement and precisely detail the modifications while ensuring compliance with Swiss contractual requirements.
