Document background
The Addendum MOU is a critical legal instrument used in Nigerian business and governmental relations when parties need to modify an existing Memorandum of Understanding without creating an entirely new agreement. This document type is particularly relevant in situations where circumstances have changed since the original MOU was signed, requiring updates to specific terms, timelines, or obligations. Common scenarios include project scope modifications, timeline extensions, budget adjustments, or the addition of new parties. Under Nigerian law, while MOUs are often considered less formally binding than contracts, their addenda must still be carefully drafted to ensure clarity and enforceability. The document typically includes references to the original MOU, detailed descriptions of modifications, and maintains consistency with Nigerian contract law principles and sector-specific regulations.
