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Contract Extension Addendum

Contract Extension Addendum Template for Switzerland

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Key Requirements PROMPT example:

Contract Extension Addendum

"I need a Contract Extension Addendum under Swiss law to extend our existing software development agreement with TechCorp AG for an additional 24 months starting from March 1, 2025, with a 10% increase in monthly service fees."

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Document background
The Contract Extension Addendum is a crucial document used when parties wish to continue their contractual relationship beyond the original term. Governed by Swiss law, particularly the Swiss Code of Obligations (OR/CO), this document type is commonly employed across various industries to extend existing agreements while potentially updating certain terms to reflect current circumstances. It's particularly useful when the original contract remains largely suitable but requires a duration extension or minor modifications. The addendum must comply with Swiss legal requirements regarding contract modifications and should clearly reference the original agreement while specifying any changes. This document type is especially relevant in ongoing business relationships where continuity is desired but a full contract renewal isn't necessary.
Suggested Sections

1. Parties: Identification of all parties to the original agreement and confirmation that they remain the same for the extension

2. Background: Reference to the original agreement, its date, and any previous amendments or extensions

3. Definitions: Key terms used in the addendum, including reference to definitions in the original agreement that remain applicable

4. Extension Term: Clear specification of the new duration of the agreement, including start and end dates

5. Continuing Effect: Confirmation that all other terms and conditions of the original agreement remain in full force and effect

6. Governing Law and Jurisdiction: Confirmation of Swiss law as governing law and jurisdiction (even if unchanged from original agreement)

7. Execution: Signature blocks for all parties

Optional Sections

1. Modified Terms: Any terms from the original agreement that are being modified besides the duration. Include only if there are changes to other terms

2. Updated Pricing: Any adjustments to pricing or payment terms for the extension period. Include if price changes are part of the extension

3. Performance Review: Reference to past performance or conditions met that justify the extension. Include if extension is performance-based

4. Notices: Updated contact information for notices. Include only if there are changes to contact details

5. Regulatory Compliance: Any new regulatory requirements that need to be addressed. Include if regulatory landscape has changed

6. Integration Clause: Statement about how this addendum integrates with other contract documents. Include if there are multiple amendments

Suggested Schedules

1. Schedule 1 - Original Agreement: Copy of the original agreement being extended (usually attached for reference)

2. Schedule 2 - Updated Commercial Terms: If applicable, detailed breakdown of any modified commercial terms for the extension period

3. Schedule 3 - Performance Metrics: If extension is performance-based, documentation of relevant performance criteria or achievements

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

Authors

Alex Denne

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

alex.den.21@genieai.co
Relevant legal definitions




















Clauses




















Relevant Industries

Financial Services

Manufacturing

Technology

Professional Services

Real Estate

Healthcare

Retail

Telecommunications

Construction

Energy

Transportation

Education

Hospitality

Relevant Teams

Legal

Procurement

Finance

Operations

Commercial

Compliance

Risk Management

Business Development

Account Management

Contract Administration

Relevant Roles

Legal Counsel

Contract Manager

Procurement Manager

Business Development Manager

Chief Financial Officer

Chief Operating Officer

Project Manager

Account Manager

Commercial Director

Compliance Officer

Risk Manager

General Counsel

Operations 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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