A Letter of Intent to Extend Contract is commonly used when parties wish to continue their contractual relationship beyond the original term. This document, governed by English and Welsh law, serves as a formal notification of the intent to extend and typically includes details such as the proposed extension period, any terms that may be modified, and confirmation of continuing conditions. It's particularly useful when parties need to document their intention while finalizing the formal extension agreement. The letter should clearly reference the original contract and specify any changes to existing terms while maintaining compliance with contract law principles.
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1. Letter Header: Date, addressee details, and reference to original contract
2. Original Contract Reference: Clear identification of the contract being extended including parties, date, and subject matter
3. Extension Terms: Specific duration of the proposed extension and confirmation of intention to extend
4. Confirmation of Terms: Statement confirming which existing terms will remain unchanged
5. Response Request: Request for confirmation of acceptance and deadline for response
1. Modified Terms: Section detailing any proposed changes to existing terms for the extension period
2. Price Adjustments: Section specifying any changes to pricing structure or rates for the extension period
3. Performance Review: Summary of contract performance to date and rationale for extension
4. Conditional Terms: Any conditions that must be met before the extension becomes effective
1. Original Contract: Copy of the original contract being extended
2. Performance Reports: Supporting documentation of contract performance if relevant to extension
3. Updated Pricing Schedule: Detailed breakdown of any price changes for the extension period
4. Timeline Schedule: Schedule showing key dates including extension start and end dates
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