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Addendum To Extend Contract
"I need an Addendum To Extend Contract for our IT services agreement with Tech Solutions LLC for an additional 24 months from March 1, 2025, with a 5% annual price increase and updated service level requirements."
1. Parties: Identification of all parties to the original contract and confirmation that they remain the same for the extension
2. Background: Reference to the original contract, its date, and current expiration date, along with the parties' desire to extend it
3. Definitions: Key terms used in the addendum, including reference to definitions from the original contract
4. Extension Term: Specific details of the extension period, including new start and end dates
5. Continued Effect: Confirmation that all other terms and conditions of the original contract remain in full force and effect
6. Governing Law: Confirmation that Qatar law continues to govern the agreement
7. Counterparts: Provision allowing the addendum to be signed in multiple counterparts
8. Execution: Signature blocks for all parties
1. Price Adjustment: Include when the extension involves changes to pricing or payment terms
2. Performance Review: Include when the extension is conditional upon prior performance assessment
3. Additional Services/Scope: Include when the extension involves any modifications to the original scope of work
4. Notice Requirements: Include when there are changes to the notice provisions or contact details
5. Compliance Update: Include when new regulatory requirements need to be incorporated into the extended contract
1. Original Agreement: Copy of the original contract being extended
2. Updated Price Schedule: If applicable, revised pricing for the extension period
3. Performance Report: If applicable, documentation of performance review supporting the extension
4. Authorization Documents: Corporate approvals or board resolutions authorizing the extension
Authors
Oil & Gas
Construction
Real Estate
Information Technology
Professional Services
Healthcare
Education
Infrastructure
Manufacturing
Telecommunications
Financial Services
Hospitality
Transportation & Logistics
Legal
Procurement
Commercial
Operations
Finance
Compliance
Risk Management
Business Development
Contract Administration
Legal Counsel
Contract Manager
Commercial Director
Procurement Manager
Project Manager
Business Development Manager
Operations Director
Chief Financial Officer
Company Secretary
Compliance Officer
Risk Manager
General Manager
Managing Director
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