Document background
The Addendum To Purchase Agreement is a crucial legal instrument used when parties need to modify an existing purchase agreement without creating an entirely new contract. This document type is particularly relevant in Hong Kong's dynamic business environment, where commercial arrangements often need adjustment to reflect changing circumstances or new terms agreed upon by the parties. It must comply with Hong Kong's legal framework, including the Control of Exemption Clauses Ordinance and Sale of Goods Ordinance. The addendum typically includes specific references to the original agreement, clearly outlines modifications, and ensures all changes align with Hong Kong law while maintaining the validity of unmodified terms. It's commonly used when parties need to adjust prices, delivery terms, specifications, or other material terms of their original purchase agreement.
