Document background
The Contract of Purchase and Sale Addendum is a crucial document in Hong Kong's commercial landscape, used when parties need to modify their existing purchase and sale arrangements without creating an entirely new agreement. It's particularly relevant when circumstances change after the original contract signing, such as adjustments to price, quantity, delivery terms, or specifications. This document type must comply with Hong Kong's common law system and specific ordinances governing commercial transactions. The addendum ensures continuity of the original agreement while incorporating necessary changes, and is commonly used in both business-to-business and business-to-consumer contexts. It requires careful drafting to maintain consistency with the original agreement and Hong Kong legal requirements.
