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Amendment To Extend Contract
"I need an Amendment to Extend Contract for a software licensing agreement between TechCorp SA and DataSolutions Ltd, extending the current term by 24 months until March 15, 2025, with all other terms remaining the same except for a 5% annual increase in licensing fees."
1. Parties: Full legal names and details of all parties to the original agreement
2. Background: Reference to the original agreement, its date, and brief description of parties' intention to extend
3. Definitions: Key terms used in the amendment, including reference to definitions in original agreement
4. Extension of Term: Clear statement of the new termination date or extension period
5. Continued Effect: Confirmation that all other terms and conditions of the original agreement remain in full force and effect
6. Entire Agreement: Statement that this amendment together with the original agreement constitutes the entire agreement
7. Counterparts: Provision allowing execution in counterparts
8. Governing Law: Confirmation of South African law as governing law
9. Signature: Execution block for all parties
1. Modified Terms: Include if any other terms besides the duration are being modified as part of the extension
2. Consideration: Include if there is any new or additional consideration for the extension
3. Conditions Precedent: Include if the extension is subject to certain conditions being met
4. Representations and Warranties: Include if parties need to make new representations about their current status or authority
5. Ratification: Include if there's a need to ratify any actions taken between the original expiry date and this extension
6. Regulatory Compliance: Include if extension requires specific regulatory approvals or notifications
1. Original Agreement: Copy of the original agreement being extended
2. Previous Amendments: Copies of any previous amendments to the original agreement
3. Updated Payment Terms: If applicable, schedule detailing any modified payment terms for the extension period
4. Conditions Checklist: If applicable, list of conditions that must be met for the extension to be effective
5. Required Approvals: If applicable, list of regulatory or third-party approvals required for the extension
Authors
Financial Services
Manufacturing
Real Estate
Information Technology
Telecommunications
Mining
Construction
Retail
Healthcare
Education
Agriculture
Energy
Professional Services
Transportation
Hospitality
Legal
Procurement
Commercial
Finance
Operations
Compliance
Risk Management
Business Development
Contract Administration
Corporate Secretariat
Project Management
Legal Counsel
Contract Manager
Commercial Director
Chief Financial Officer
Procurement Manager
Business Development Manager
Operations Director
Company Secretary
Risk Manager
Compliance Officer
Project Manager
Account Manager
General Manager
Chief Executive Officer
Legal Administrator
Procurement Officer
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