Document background
A Contract Addendum is essential when parties need to modify an existing agreement without creating an entirely new contract. This document type is commonly used in Indian business and legal practice when circumstances require adjustments to original contract terms, such as price changes, deadline extensions, scope modifications, or adding/removing parties. The addendum must comply with Indian contract law principles, particularly the Indian Contract Act, 1872, and may require stamp duty payment under the Indian Stamp Act. It's crucial for business continuity and relationship management, allowing parties to adapt their agreements to changing circumstances while maintaining legal certainty. The document should clearly reference the original agreement and specify exactly what is being modified, added, or deleted.
