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Contract Extension Addendum Template for Singapore

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Key Requirements PROMPT example:

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."

Document background
A Contract Extension Addendum is utilized when parties wish to extend their contractual relationship beyond the original termination date. This document, governed by Singapore law, provides a formal mechanism to continue the existing relationship while potentially updating terms to reflect current circumstances. It must reference the original agreement, clearly state the extension period, and specify which original terms remain in force. The addendum ensures compliance with Singapore's legal requirements for contract modifications and provides certainty for all parties regarding their ongoing obligations.
Suggested Sections

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

Optional Sections

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

Suggested Schedules

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

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓƵ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions























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Industries

Singapore Contract Act (Cap. 2): Primary legislation governing contract formation, validity, and modifications in Singapore, including requirements for contract amendments and extensions

Common Law Principles: Singapore's legal system follows English common law traditions, which provide important precedents and principles for contract interpretation and modification

Employment Act (Cap. 91): Key legislation governing employment relationships in Singapore, relevant if the contract extension involves employment terms

Employment of Foreign Manpower Act: Legislation governing the employment of foreign workers in Singapore, including requirements for work passes and employment terms

Tripartite Guidelines on Fair Employment Practices: Guidelines established by Singapore government and social partners setting standards for fair employment practices

Electronic Transactions Act (Cap. 88): Legislation governing electronic transactions and digital signatures, relevant for electronic execution of contract extensions

Stamp Duties Act (Cap. 312): Legislation governing stamp duty requirements for contract modifications and extensions, including applicable exemptions

Limitation Act (Cap. 163): Legislation governing time limitations for contract modifications and their effect on original contract limitation periods

Industry-Specific Regulations: Depending on the industry context, specific regulatory requirements that may affect contract extensions and modifications

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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