Document background
The Extension Addendum To Sale And Purchase Contract is a critical legal instrument used when parties need to extend the duration or modify the timelines of an existing sale and purchase agreement. This document type is particularly relevant in the Indian business context, where commercial transactions often require timeline adjustments due to various factors such as regulatory requirements, business circumstances, or mutual agreement between parties. The addendum must comply with Indian contract law, including the Indian Contract Act, 1872, and should clearly reference the original agreement while specifying the exact terms being extended. It's commonly used in situations where the original contract terms remain satisfactory but additional time is needed for completion, helping businesses maintain legal continuity while adapting to changing circumstances.
