The Extension Agreement serves as a crucial legal instrument under Dutch law for extending existing contractual relationships beyond their original term. This document type is particularly valuable when parties wish to continue their business relationship under largely the same terms as their original agreement, but need to formalize the extension period and potentially update specific provisions. The Extension Agreement typically references the original contract, specifies the new duration, and clearly states which terms remain unchanged and which are modified. It's commonly used in various commercial contexts, from service agreements to lease contracts, and must comply with Dutch civil law requirements regarding contract modifications. This document type is especially useful for maintaining business continuity while avoiding the time and expense of negotiating and drafting an entirely new agreement.
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1. Parties: Identification of the contracting parties, matching those in the original agreement
2. Background: Reference to the original agreement, its date, and brief context for the extension
3. Definitions: Key terms used in the extension agreement, including reference to definitions in the original agreement
4. Extension Term: Specific details of the extension period and effective date
5. Continuing Effect: Confirmation that all other terms and conditions of the original agreement remain in full force and effect
6. Consideration: Statement of any consideration for the extension, if applicable
7. Integration: Statement that this extension agreement forms part of the original agreement
8. Governing Law: Confirmation of Dutch law as governing law, matching the original agreement
9. Execution: Signature blocks and execution requirements
1. Modified Terms: Used when specific terms from the original agreement need to be modified alongside the extension
2. Additional Terms: Used when new terms need to be added as part of the extension
3. Financial Terms Update: Used when pricing, payment terms, or other financial provisions are being updated
4. Performance Requirements: Used when new or modified performance criteria are being established
5. Conditions Precedent: Used when the extension is subject to certain conditions being met
6. Representations and Warranties: Used when fresh representations are required for the extension period
7. Notices: Used when contact details or notice requirements need to be updated
1. Schedule 1 - Original Agreement: Copy of the original agreement being extended
2. Schedule 2 - Updated Commercial Terms: If applicable, details of any updated pricing, payment terms, or commercial arrangements
3. Schedule 3 - Performance Metrics: If applicable, updated or new performance requirements or service levels
4. Appendix A - Amended Provisions: Detailed list of specific provisions being amended, if any
5. Appendix B - Contact Details: Updated contact information for all parties, if changed
Relevant legal definitions
Clauses
Relevant Industries
Information Technology
Manufacturing
Real Estate
Professional Services
Financial Services
Healthcare
Retail
Telecommunications
Construction
Energy
Transportation
Education
Agriculture
Hospitality
Media and Entertainment
Relevant Teams
Legal
Procurement
Commercial
Finance
Operations
Business Development
Compliance
Risk Management
Sales
Account Management
Contract Administration
Supply Chain
Project Management
Vendor Management
Business Operations
Relevant Roles
Contract Manager
Legal Counsel
Commercial Director
Procurement Manager
Business Development Manager
Account Manager
Operations Director
Chief Financial Officer
Project Manager
Relationship Manager
Compliance Officer
Risk Manager
General Counsel
Sales Director
Supply Chain Manager
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