An Addendum To Extend Contract is commonly used when parties wish to continue their contractual relationship beyond the original termination date. This document type is particularly useful when the original agreement remains satisfactory but requires a timeline extension. It typically includes the extension period, any modified terms, and confirmation that all other original contract provisions remain in effect. Under U.S. law, this addendum must be executed with the same formality as the original contract and requires proper consideration to be legally binding.
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1. Title and Date: Identifying the document as an addendum to the original contract with dates
2. Parties: Identification of all parties to the original contract
3. Reference to Original Agreement: Clear identification of the original contract being extended
4. Extension Terms: Specific details of the extension period and any modified terms
5. Confirmation of Other Terms: Statement that all other terms remain unchanged
6. Signatures: Execution block for all parties
1. Modified Terms: Additional section for any terms being changed besides duration
2. Price Adjustments: Section detailing changes to pricing or payment terms
3. Additional Conditions: Section covering new conditions for the extension period
1. Updated Timeline: New project or delivery schedules if applicable
2. Revised Pricing Schedule: Updated pricing details if changes are made
3. Modified Service Levels: Updated performance metrics if applicable
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