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Addendum To Extend Contract
"I need an Addendum to Extend Contract for our IT services agreement with TechPro Solutions for an additional 24 months from January 2025, maintaining all existing terms and conditions."
1. Parties: Full legal names and details of all parties to the original agreement
2. Background: Reference to the original agreement including its date and parties, and the intention to extend it
3. Definitions: Key terms used in the addendum, including reference to definitions in the original agreement
4. Extension of Term: Clear statement of the new termination date or extension period
5. Confirmation of Original Terms: Affirmation that all other terms and conditions of the original agreement remain unchanged
6. Effective Date: Specification of when the extension takes effect
7. Execution: Signature blocks for all parties
1. Amendments to Original Agreement: Used when other terms besides the duration need to be modified along with the extension
2. Consideration: Include when there are financial implications or new consideration for the extension
3. Conditions Precedent: Used when the extension is subject to certain conditions being met
4. Updated Notice Details: Include if contact details or addresses of any party have changed
5. Ratification: Used when there's a need to confirm actions taken during any gap period
1. Updated Payment Terms: Schedule detailing any revised payment terms or fees for the extension period
2. Performance Metrics: Updated KPIs or performance requirements for the extension period
3. Amended Terms: Detailed list of any terms from the original agreement that are being modified
4. Extension Timeline: Detailed timeline of the extension period including any milestone dates or reporting requirements
Authors
Information Technology
Construction
Professional Services
Manufacturing
Real Estate
Healthcare
Education
Financial Services
Telecommunications
Retail
Energy
Transportation
Agriculture
Mining
Legal
Procurement
Finance
Operations
Compliance
Risk Management
Commercial
Business Development
Supply Chain
Contract Administration
Project Management
Legal Counsel
Contract Manager
Procurement Manager
Business Development Manager
Project Manager
Commercial Director
Chief Financial Officer
Operations Manager
Compliance Officer
Risk Manager
General Manager
Managing Director
CEO
Vendor Manager
Supply Chain Manager
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