Document background
The Extension Agreement is a critical document used in Danish business practice when parties wish to continue their contractual relationship beyond the initially agreed term. This document type is particularly relevant when the original agreement is approaching its expiration date, or when parties need to modify certain terms while maintaining the core structure of their existing relationship. The Extension Agreement must comply with Danish law, particularly the Danish Contracts Act (Aftaleloven), and should clearly reference the original agreement being extended. It can range from a simple extension of time to a more complex document that includes updated terms, pricing adjustments, or additional services. Typically used in commercial contexts, this document helps avoid the need to draft and negotiate an entirely new agreement while ensuring legal continuity and clarity in the business relationship.
