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Contract Extension Addendum
"I need a Contract Extension Addendum to extend our existing software development agreement with TechCorp Pte Ltd for an additional 24 months from March 2025, with a 5% increase in monthly service fees."
1. Parties: Identification of all parties to the original contract and addendum
2. Background: Reference to original contract and reason for extension
3. Definitions: Key terms used in the addendum, including reference to original definitions
4. Extension Term: Specific period of extension and effective date
5. Continuing Effect: Confirmation of which original terms remain in force
6. Execution: Signature blocks and execution requirements
1. Modified Terms: Any terms being modified during the extension period - use when changes to original terms are needed
2. Additional Terms: New terms applicable during extension period - use when new conditions are being added
3. Consideration: Details of any new consideration - use when additional payment or value exchange is involved
1. Schedule of Updated Fees: If pricing or payment terms are modified
2. Schedule of Modified Services: If scope of services is changing during extension
3. Schedule of Key Dates: Timeline of extension milestones and deadlines
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