Addendum to an agreement

vaibhav jain (Querist) 16 October 2021 This query is : Resolved
What is an addendum to an agreement? are there any serious consequences of not executing an addendum to a settlement agreement?

Follow Query

Report Abuse

Quick Summary

An addendum is a supplementary document used to modify specific terms of an existing agreement. It's not mandatory but becomes necessary when parties wish to amend or replace certain clauses. However, an addendum cannot fundamentally alter the core purpose of the original agreement.

Shubham Bhardwaj (Expert) 16 October 2021
Dear Mr Jain,
An Addendum is a document used to change certain terms of an already executed agreement. It is not a compulsory document. The need for an addendum arises only if parties wish to supplant or amend certain clauses of an agreement . But it must be remembers that addendum cannot alter the basic feature of a document i.e. it must not hit the fundamental of the document. For eg: An agreement for installation of machinery cannot be rectified through an addendum to say that rice will be delivered now instead of machinery. I hope you get my point.

Regards
Shubham Bhardwaj (Advocate)
District & Session Court, Chandigarh
Punjab & Haryana High Court, at Chandigarh

Disclaimer:- Opinion is only for guidance.