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Amendment To Extend Term Of Agreement Template for Netherlands

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Key Requirements PROMPT example:

Amendment To Extend Term Of Agreement

"I need an Amendment to Extend Term of Agreement under Dutch law for a software licensing agreement between TechCorp BV and SoftwareHub NV, extending the current term by 24 months from March 1, 2025, with all other terms remaining unchanged."

Document background
An Amendment To Extend Term Of Agreement is a crucial document used when parties wish to continue their contractual relationship beyond the original term specified in their agreement. This document type is particularly relevant under Dutch law, where contract modifications must comply with specific civil code requirements and principles of reasonableness and fairness. It is commonly used when the original agreement is performing satisfactorily and parties wish to maintain their relationship under the same terms and conditions, but with an extended duration. The amendment typically includes references to the original agreement, specific details about the new term period, and confirmations that other terms remain unchanged. This document type is essential for maintaining business continuity while ensuring legal compliance and clarity in contractual relationships.
Suggested Sections

1. Parties: Identification of the parties to the original agreement who are agreeing to this amendment

2. Background: Reference to the original agreement, its date, and brief description of the parties' desire to extend the term

3. Definitions: Key terms used in the amendment, including reference to defined terms in the original agreement

4. Extension of Term: Clear statement of the new term period, including specific start and end dates

5. Continuation of Other Terms: Confirmation that all other terms and conditions of the original agreement remain unchanged and in full force and effect

6. Entire Agreement: Statement that this amendment and the original agreement constitute the entire agreement between the parties

7. Counterparts: Provision allowing the amendment to be signed in multiple counterparts

8. Governing Law: Confirmation that Dutch law continues to govern the agreement

9. Execution: Signature blocks for all parties

Optional Sections

1. Additional Modifications: Used when minor modifications to other terms are needed alongside the term extension

2. Consideration: Include if there is any new consideration being provided for the extension

3. Conditions Precedent: Include if the extension is subject to certain conditions being met

4. Representations and Warranties: Include if parties need to refresh their representations for the extended term

5. Notices: Include if there are any changes to the notice details of the parties

Suggested Schedules

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

2. Schedule 2 - Timeline: If needed, detailed timeline showing original term and extension period

3. Schedule 3 - Modified Terms: If applicable, detailed list of any other terms being modified alongside the extension

4. Schedule 4 - Corporate Approvals: If required, copies of corporate approvals authorizing the extension

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

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Relevant Industries

Technology

Manufacturing

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Financial Services

Healthcare

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Relevant Teams

Legal

Commercial

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Operations

Compliance

Risk Management

Contract Administration

Supply Chain

Account Management

Finance

Corporate Governance

Relevant Roles

Legal Counsel

Contract Manager

Commercial Director

Business Development Manager

Procurement Manager

Chief Legal Officer

General Counsel

Operations Manager

Account Manager

Project Manager

Chief Executive Officer

Chief Financial Officer

Compliance Officer

Risk Manager

Supply Chain Manager

Industries





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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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