Document background
The Closing Date Extension Addendum is a critical document used in Malaysian business and property transactions when parties need to modify the completion timeline of an existing agreement. It becomes necessary when circumstances require additional time beyond the originally agreed closing date, whether due to regulatory approvals, financing arrangements, or other legitimate business reasons. This document must comply with Malaysian contract law requirements, particularly the Contracts Act 1950 and relevant property laws when used in real estate transactions. It protects all parties by formally documenting the agreed extension and ensuring the modification is legally binding while maintaining the validity of the original agreement's other terms.
