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Letter Of Intent For Extension Of Contract Template for England and Wales

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Key Requirements PROMPT example:

Letter Of Intent For Extension Of Contract

"I need a Letter of Intent for Extension of Contract to extend our IT services agreement with TechServe Solutions for an additional 24 months from March 2025, including a 5% rate increase and updated service level requirements."

Document background
A Letter of Intent for Extension of Contract is commonly used when parties wish to continue their contractual relationship beyond the original term but need time to finalize the detailed terms of the extension. This document, governed by English and Welsh law, typically includes the proposed duration of the extension, any modifications to existing terms, and conditions that need to be met before the formal extension takes effect. It provides a structured approach to contract renewal while maintaining legal clarity and protecting both parties' interests during the transition period.
Suggested Sections

1. Date and Addressee Details: Full name and address of the recipient

2. Reference to Original Contract: Clear identification of the contract being extended, including original date and parties

3. Extension Terms: Specific details of the proposed extension period and any modified terms

4. Confirmation of Other Terms: Statement that all other original contract terms remain unchanged

5. Execution Requirements: How and when the recipient should indicate acceptance

Optional Sections

1. Modified Commercial Terms: Any changes to pricing or commercial terms, to be included if commercial terms are being modified as part of the extension

2. Performance Review: Brief review of contract performance to date, to be included when extension is conditional on past performance

3. New Requirements: Any new operational or regulatory requirements, to be included when additional terms need to be incorporated

Suggested Schedules

1. Schedule of Updated Rates: Detailed schedule of any pricing modifications being made as part of the extension

2. Performance Reports: Historical performance metrics and reports if extension is based on performance

3. Original Contract: Copy of the original contract document for reference purposes

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













Clauses














Industries

Contracts (Rights of Third Parties) Act 1999: Primary legislation governing how third parties may enforce terms of a contract and their rights under the contract

Law of Property (Miscellaneous Provisions) Act 1989: Primary legislation dealing with formalities of contracts, particularly relevant for contracts relating to land or property

Limitation Act 1980: Legislation setting out time limits within which legal actions must be brought to enforce contractual rights

Doctrine of Consideration: Common law principle requiring that something of value must be exchanged for a contract to be binding

Offer and Acceptance Rules: Common law principles determining how and when a contract is formed through the process of offer and acceptance

Contractual Intention Principles: Common law rules regarding the parties' intention to create legal relations

RTS Flexible Systems Case Law: Supreme Court case (2010) establishing when Letters of Intent become binding contracts

British Steel Corporation Case Law: Key case (1984) providing guidance on the interpretation and effect of Letters of Intent

Unfair Contract Terms Act 1977: Legislation regulating unfair terms in contracts and limiting the extent to which liability can be excluded

Misrepresentation Act 1967: Legislation dealing with false statements made during contract formation

Consumer Rights Act 2015: Legislation protecting consumer rights in contracts, relevant if the extension involves consumer contracts

Investors Compensation Scheme Case Law: Leading case (1998) establishing principles for contractual interpretation in English law

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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