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Contract Extension Addendum
"I need a Contract Extension Addendum for our IT services agreement with TechCorp BV, extending the current contract for 18 months from March 1, 2025, with a 5% price increase and updated service level requirements."
1. Parties: Identification of all parties to the original contract and confirmation that they remain the same for the extension
2. Background: Reference to the original agreement, its date, and brief description of the purpose for extension
3. Definitions: Key terms used in the addendum, including reference to definitions from the original agreement that remain applicable
4. Extension Term: Specific details of the extension period, including start and end dates
5. Continuation of Terms: Confirmation that all other terms and conditions of the original agreement remain in full force and effect
6. Consideration: Any financial or other consideration associated with the extension
7. Execution: Signature blocks and execution requirements for all parties
1. Modified Terms: Only included if any terms other than the duration are being modified as part of the extension
2. Price Adjustment: Include when the extension involves changes to pricing or payment terms
3. Performance Review: Optional section documenting performance under the original term, if relevant to the extension
4. Conditions Precedent: Include if there are specific conditions that must be met before the extension becomes effective
5. Regulatory Compliance: Include if specific regulatory requirements need to be addressed for the extension period
1. Schedule 1 - Original Agreement: Copy of the original agreement being extended
2. Schedule 2 - Updated Pricing Schedule: If applicable, detailed pricing information for the extension period
3. Schedule 3 - Performance Metrics: If applicable, updated or continued performance requirements during the extension period
4. Appendix A - Compliance Certificates: Any required regulatory or compliance certificates necessary for the extension
Authors
Extension Period
Effective Date
Extension Commencement Date
Extension Termination Date
Parties
Modified Terms
Extension Fee
Renewal Terms
Original Term
Surviving Provisions
Updated Pricing
Extension Notice
Additional Services
Amended Terms
Continuation Period
Extension Conditions
Original Contract Date
Extended Agreement
Governing Law
Continuation of Original Terms
Amendment of Terms
Consideration
Representations and Warranties
Authority
Integration
Governing Law
Execution
Notice
Conditions Precedent
Price Adjustment
Performance Requirements
Further Assurance
Severability
Registration
Language
Regulatory Compliance
Electronic Execution
Counterparts
Information Technology
Manufacturing
Professional Services
Construction
Healthcare
Retail
Financial Services
Telecommunications
Real Estate
Energy
Transportation
Education
Hospitality
Legal
Procurement
Commercial
Operations
Business Development
Compliance
Finance
Risk Management
Sales
Contract Administration
Legal Counsel
Contract Manager
Procurement Manager
Business Development Manager
Commercial Director
Chief Legal Officer
Operations Manager
Project Manager
Account Manager
Compliance Officer
General Counsel
Sales Director
Chief Financial Officer
Risk Manager
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