Document background
The Amendment To Extend Term Of Agreement is a critical document used when parties operating under Swiss law wish to continue their contractual relationship beyond the initially agreed period. This document type is particularly relevant when the original agreement is still serving its purpose effectively, but the term needs to be extended to accommodate ongoing business relationships or project requirements. It ensures compliance with Swiss contract law, particularly the Swiss Code of Obligations (OR), while providing a streamlined process for extending the agreement's duration. The amendment typically includes reference to the original agreement, specific details about the extension period, any conditions associated with the extension, and confirmation that all other terms remain unchanged. It's commonly used across various industries where long-term contractual relationships need to be maintained and provides legal certainty while avoiding the need to draft and negotiate an entirely new agreement.
