Document background
The Contract of Purchase and Sale Addendum is essential in Saudi Arabian commercial transactions when parties need to modify their existing purchase and sale agreements. This document type is commonly used when circumstances require changes to original terms such as price adjustments, delivery modifications, or specification updates. It must be drafted in accordance with Saudi Arabian law, including both civil law principles and Shariah requirements. The addendum serves as a legally binding modification to the original agreement, maintaining compliance with the Law of Commercial Courts (2020) and other relevant regulations. It's particularly important in complex commercial transactions where flexibility is needed to address changing circumstances while maintaining legal certainty.
