Document background
An Addendum To Operating Agreement is a crucial document used when parties need to modify their existing operational arrangements without creating an entirely new agreement. This document type is particularly important in the Indonesian business context, where changes to business operations often require formal documentation and potential regulatory oversight. It's commonly used when partners need to update operational procedures, adjust responsibilities, modify financial arrangements, or incorporate new regulatory requirements into their existing operations. The addendum must comply with Indonesian law, particularly the Civil Code (KUHPerdata) and Law No. 40 of 2007 on Limited Liability Companies, and requires dual language preparation as per Law No. 24 of 2009. This document serves as a formal bridge between the original agreement and new operational realities, ensuring continuity while implementing necessary changes.
