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Letter Of Intent For Extension Of Contract
"I need a Letter of Intent for Extension of Contract to extend our IT services agreement with TechServe Solutions for an additional 24 months from March 2025, including a 5% rate increase and updated service level requirements."
1. Date and Addressee Details: Full name and address of the recipient
2. Reference to Original Contract: Clear identification of the contract being extended, including original date and parties
3. Extension Terms: Specific details of the proposed extension period and any modified terms
4. Confirmation of Other Terms: Statement that all other original contract terms remain unchanged
5. Execution Requirements: How and when the recipient should indicate acceptance
1. Modified Commercial Terms: Any changes to pricing or commercial terms, to be included if commercial terms are being modified as part of the extension
2. Performance Review: Brief review of contract performance to date, to be included when extension is conditional on past performance
3. New Requirements: Any new operational or regulatory requirements, to be included when additional terms need to be incorporated
1. Schedule of Updated Rates: Detailed schedule of any pricing modifications being made as part of the extension
2. Performance Reports: Historical performance metrics and reports if extension is based on performance
3. Original Contract: Copy of the original contract document for reference purposes
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