Document background
The Addendum To Memorandum Of Agreement is a crucial legal instrument in Nigerian business practice used when parties need to modify their existing contractual arrangements without creating an entirely new agreement. This document type is particularly relevant in Nigeria's dynamic business environment where changing economic conditions, regulatory requirements, or business needs may necessitate adjustments to existing agreements. It must comply with Nigerian contract law and other relevant legislation, including the Stamp Duties Act and specific industry regulations. The addendum typically includes detailed references to the original agreement, specific modifications being made, and confirmation of unchanged terms. It's commonly used across various sectors of the Nigerian economy, from oil and gas to agriculture, and requires careful consideration of both federal and state laws depending on the subject matter and parties involved.
