Document background
The Addendum Letter serves as a crucial tool in Canadian contract management, providing a formal mechanism to modify existing agreements without the need for complete contract renegotiation. This document type is particularly useful when parties need to make specific changes to an existing agreement while keeping other terms intact. The letter format is preferred for its simplicity and clarity, making it easier for all parties to understand and implement the modifications. Governed by Canadian contract law principles, including both federal and provincial requirements, the Addendum Letter must clearly reference the original agreement, specify the exact modifications, and include proper authorization from all parties. It's commonly used for updating terms, adjusting scope, revising pricing, or incorporating regulatory changes into existing agreements.
