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An Addendum To Memorandum Of Agreement is a crucial legal instrument used when parties need to modify their existing agreement without creating an entirely new contract. This document type is particularly relevant in the Canadian legal context, where it must comply with both federal and provincial contract law requirements. It's commonly used when circumstances change after the original agreement is signed, requiring updates to specific terms, conditions, pricing, timelines, or other provisions. The addendum ensures that modifications are properly documented and legally binding, while maintaining the validity of unmodified portions of the original agreement. This document type is especially valuable for long-term business relationships where flexibility and adaptation to changing circumstances are necessary while maintaining legal certainty.
