Document background
The Contract Extension Addendum is a critical legal instrument used in South African business practice when parties wish to extend their contractual relationship beyond the initially agreed term. It is particularly relevant when the original contract's expiration date is approaching, but the parties wish to maintain their business relationship under either the same or slightly modified terms. This document type is governed by South African contract law and must comply with relevant legislation such as the Consumer Protection Act and Electronic Communications and Transactions Act. The addendum typically includes specific details about the extension period, any modified terms, pricing adjustments, and confirmation of unchanged original contract terms. It's commonly used across various industries and is especially valuable for maintaining business continuity while avoiding the need to negotiate and draft entirely new contracts.
