Document background
An Addendum To Operating Agreement is a crucial document used when business partners or company members need to modify their existing operational arrangements without drafting an entirely new agreement. Under Swiss law, particularly guided by the Swiss Code of Obligations, this document allows for precise modifications to specific provisions while maintaining the integrity of the original agreement. It's commonly used when companies need to update management structures, adjust profit-sharing arrangements, modify operational procedures, or incorporate new members. The addendum must comply with Swiss formal requirements for contract modifications and, depending on the company structure, may require specific approvals or registrations. This document type is particularly important in Switzerland's business environment, where precision and clarity in business arrangements are paramount.
