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Amendment To Extend Contract Template for Switzerland

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Key Requirements PROMPT example:

Amendment To Extend Contract

"I need an Amendment To Extend Contract for our IT services agreement with TechServe GmbH, extending the current contract for an additional 24 months from January 1, 2025, while maintaining all existing terms and pricing."

Document background
The Amendment To Extend Contract is a crucial document used when parties wish to continue their contractual relationship beyond the original termination date while maintaining the existing terms and conditions. This document type is particularly relevant in the Swiss legal framework, where contract modifications must comply with the Swiss Code of Obligations (OR). It's commonly used when business relationships are successful and parties want to maintain their current arrangements without renegotiating all terms. The amendment typically includes specific references to the original contract, clearly states the new duration, and confirms the continuation of existing terms. It's particularly useful in ongoing business relationships where the original contract terms remain satisfactory but the duration needs to be adjusted.
Suggested Sections

1. Parties: Identification of all parties to the original contract, including their full legal names, addresses, and registration details

2. Background: Reference to the original contract (including date and title), its current term, and the parties' desire to extend it

3. Definitions: Key terms used in the amendment, including 'Original Contract', 'Extension Date', and 'New Expiration Date'

4. Extension of Term: Clear statement of the new contract duration, including specific start and end dates

5. Confirmation of Other Terms: Affirmation that all other terms and conditions of the original contract remain unchanged

6. Governing Law: Confirmation that Swiss law continues to govern the agreement

7. Counterparts and Execution: Provisions for signing the amendment, including allowance for electronic signatures if applicable

Optional Sections

1. Additional Modifications: Used when parties wish to make other minor changes to the contract alongside the extension

2. Updated Notice Details: Include if contact information or notice requirements for any party have changed

3. Regulatory Compliance: Include if the extension triggers any regulatory requirements or needs specific compliance acknowledgments

4. Performance Review: Include if the extension is conditional upon or follows a review of contract performance

5. Price Adjustment: Include if the extension involves any changes to pricing or payment terms

Suggested Schedules

1. Schedule 1 - Updated Term Sheet: Details of the extended duration and any modified commercial terms

2. Schedule 2 - Performance Metrics: If applicable, updated or continued performance requirements during the extension period

3. Appendix A - Original Contract: Copy of the original contract being extended (for reference)

4. Appendix B - Authorization Documents: Any corporate approvals or board resolutions required for the extension

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓÆµ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions


















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Relevant Industries

Technology

Manufacturing

Professional Services

Healthcare

Financial Services

Real Estate

Construction

Retail

Telecommunications

Energy

Education

Transportation and Logistics

Relevant Teams

Legal

Procurement

Commercial

Operations

Business Development

Compliance

Risk Management

Contract Administration

Finance

Corporate Affairs

Relevant Roles

Legal Counsel

Contract Manager

Procurement Manager

Business Development Manager

Commercial Director

Chief Legal Officer

Operations Manager

Project Manager

Account Executive

Compliance Officer

General Counsel

Risk Manager

Industries






Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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