The Extension Agreement is a crucial document used when parties wish to continue their contractual relationship beyond the original term. This document type is particularly relevant when the original agreement is approaching its expiration date but the business relationship remains valuable to all parties. Under Swiss law, the Extension Agreement must clearly reference the original agreement, specify the new duration, and explicitly state which terms continue unchanged and which are modified. It's commonly used across various industries when parties want to avoid negotiating an entirely new agreement while potentially updating certain terms to reflect current circumstances. The document must comply with Swiss legal requirements, particularly regarding form and execution, and can range from a simple extension of duration to a more complex modification of multiple terms.
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1. Parties: Identification of all parties to the agreement, including their full legal names, addresses, and registration details
2. Background: Context of the original agreement and the reason for extension, including reference to the original agreement date and key terms
3. Definitions: Key terms used in the extension agreement, including reference to definitions from the original agreement that remain applicable
4. Extension Term: Specific details of the extension period, including start and end dates
5. Continuation of Terms: Confirmation of which terms from the original agreement continue to apply
6. Effective Date: When the extension takes effect
7. Governing Law and Jurisdiction: Confirmation of Swiss law as governing law and jurisdiction for disputes
8. Execution: Signature blocks and execution requirements under Swiss law
1. Modified Terms: Used when any original terms are being modified as part of the extension
2. Additional Terms: Used when new terms are being added as part of the extension
3. Financial Terms Adjustment: Used when prices, fees, or payment terms are being updated
4. Performance Review: Used when the extension is conditional upon past performance review
5. Representations and Warranties: Used when fresh representations are required for the extension period
6. Notices: Used when contact details or notice requirements are being updated
1. Original Agreement: Copy of the original agreement being extended
2. Modified Terms Schedule: Detailed list of any terms being modified, showing original and new versions
3. Updated Pricing Schedule: If applicable, new pricing terms for the extension period
4. Performance Metrics: If applicable, performance standards or KPIs for the extension period
5. Authorized Signatories: List of authorized signatories and their powers of representation under Swiss law
Relevant legal definitions
Clauses
Relevant Industries
Information Technology
Manufacturing
Professional Services
Real Estate
Financial Services
Healthcare
Telecommunications
Construction
Energy
Retail
Logistics
Education
Relevant Teams
Legal
Procurement
Commercial
Business Development
Operations
Compliance
Risk Management
Finance
Account Management
Project Management
Relevant Roles
Legal Counsel
Contract Manager
Procurement Manager
Business Development Manager
Commercial Director
Chief Legal Officer
Relationship Manager
Account Executive
Operations Manager
Project Manager
Compliance Officer
Risk Manager
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