Document background
The Contract Extension Addendum is essential when parties wish to extend their existing contractual relationship beyond its initial term without creating an entirely new agreement. This document type is commonly used in Pakistan across various business contexts, from service agreements to supply contracts. It must comply with the Pakistani Contract Act 1872 and related legislation, including stamp duty requirements. The addendum typically includes the extension period, any modifications to original terms, and confirmation of continuing conditions. It's particularly useful when the original agreement has proven satisfactory but requires updating for duration or specific terms, offering a more streamlined approach than drafting a new contract.
