Extension Amendment Agreement

Extension Amendment Agreement Template for Switzerland

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Key Requirements PROMPT example:

"I need an Extension Amendment Agreement under Swiss law to extend our existing software licensing agreement with TechCorp AG for an additional three years until March 15, 2025, including updated pricing terms and maintenance schedules."

Document background

The Extension Amendment Agreement is a crucial legal instrument used when parties operating under Swiss law wish to extend the duration of an existing contract while potentially modifying certain terms. This document type is particularly relevant when the original agreement is approaching its termination date but the business relationship remains valuable to all parties. It must comply with Swiss contract law, specifically the Swiss Code of Obligations, and typically includes details about the extended duration, any revised terms, and confirmations of continuing obligations. The agreement is commonly used across various industries where long-term contractual relationships need to be maintained and adapted to changing circumstances. It requires careful consideration of both the original agreement's terms and any new conditions that need to be incorporated for the extension period.

Suggested Sections

1. Parties: Identification of all contracting parties, including their full legal names, addresses, and registration details

2. Background: Reference to the original agreement, its date, parties, and purpose, and the reason for this extension/amendment

3. Definitions: Key terms used in the amendment agreement, including references to definitions in the original agreement

4. Extension Terms: Specific details of the temporal extension, including new termination date or extended duration

5. Amendment Details: Clear specification of which provisions of the original agreement are being modified, replaced, or supplemented

6. Continued Effect: Confirmation that all other terms of the original agreement remain in full force and effect

7. Governing Law: Confirmation of Swiss law as governing law and jurisdiction

8. Execution: Signature blocks for all parties, including date and place of signing

Optional Sections

1. Additional Consideration: Section detailing any new or modified financial terms, used when the extension includes price changes

2. Conditions Precedent: Specific conditions that must be met before the extension takes effect, if applicable

3. Representations and Warranties: Fresh representations if significant time has passed or circumstances have changed

4. Regulatory Compliance: Added when the extension requires new or updated regulatory approvals

5. Third Party Consents: Section addressing required consents from third parties for the extension to be effective

6. Performance Review: Assessment of contract performance to date, if relevant to the extension

Suggested Schedules

1. Schedule 1 - Original Agreement: Copy of the original agreement being extended/amended

2. Schedule 2 - Comparison Version: Redline showing changes between original and amended versions of modified clauses

3. Schedule 3 - Updated Commercial Terms: If applicable, detailed breakdown of any modified commercial or financial terms

4. Schedule 4 - Extension Timeline: Detailed timeline of extension implementation and any related milestones

5. Appendix A - Required Approvals: List of any regulatory or third-party approvals required for the extension

6. Appendix B - Updated Contact Details: Current contact information for all parties and key personnel

Authors

Alex Denne

Head of Growth (Open Source Law) @ ��Ƶ | 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

Pharmaceuticals

Real Estate

Construction

Professional Services

Telecommunications

Energy

Healthcare

Industrial

Transportation

Retail

Insurance

Relevant Teams

Legal

Procurement

Finance

Commercial

Operations

Compliance

Risk Management

Business Development

Contract Administration

Corporate Governance

Relevant Roles

Legal Counsel

Contract Manager

Chief Legal Officer

Business Development Manager

Commercial Director

Procurement Manager

Chief Financial Officer

Project Manager

Relationship Manager

Compliance Officer

Risk Manager

Operations Director

General Counsel

Corporate Secretary

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