Document background
The Addendum For Extension Of Agreement is a crucial document used when parties wish to extend their contractual relationship beyond the initially agreed term. This document type is particularly relevant in the UAE business environment, where ongoing business relationships often require formal documentation of extensions to comply with local legal requirements and business practices. It should be used when the original agreement is approaching its expiration date and parties wish to continue their relationship under the same or modified terms. The addendum typically includes the extension period, any adjustments to commercial terms, and confirms the continuation of other original agreement provisions. Under UAE law, this document must be carefully drafted to ensure it maintains the enforceability of the original agreement while properly documenting the parties' intention to extend their relationship.
