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An Addendum To Contract is a crucial document used when parties need to modify an existing agreement without creating an entirely new contract. Under Hong Kong law, this document type allows for efficient contract modifications while maintaining legal certainty and continuity. It's particularly valuable in Hong Kong's dynamic business environment where commercial relationships often need to evolve to accommodate changing circumstances. The addendum must clearly reference the original agreement, specify the modifications, and comply with Hong Kong's contract law requirements, including proper execution by all parties. This document is commonly used for updating payment terms, extending deadlines, modifying specifications, or adding new provisions to existing contracts.
