Document background
The Contract Extension Addendum is utilized when parties wish to extend their existing contractual relationship beyond its original term. This document is particularly relevant in the Malaysian business context, where it must comply with local contract law requirements. It is commonly used when the original contract is performing satisfactorily and parties wish to maintain their business relationship without negotiating an entirely new agreement. The addendum typically includes the extension period, any revised terms or pricing, and confirms the continuing validity of the original contract's provisions. It provides a streamlined approach to contract renewal while ensuring legal compliance with Malaysian regulations.
