Addendum To Extend Contract Template for Switzerland

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Key Requirements PROMPT example:

Addendum To Extend Contract

"I need an Addendum to Extend Contract for our software licensing agreement with TechCorp AG for an additional 24 months from March 1, 2025, including an annual price increase of 3% and updated service level requirements under Swiss law."

Document background
The Addendum To Extend Contract is a critical document used when parties wish to continue their contractual relationship beyond the original termination date under Swiss law. This document type is particularly relevant when the original agreement's terms remain satisfactory, but the duration needs to be adjusted. It's commonly used in ongoing business relationships where renegotiation of the entire contract is unnecessary or impractical. The addendum must comply with Swiss legal requirements, particularly the Swiss Code of Obligations (OR/CO), and typically includes the extension period, any updated terms, and confirmation of the continuing validity of the original contract's provisions. It's essential for business continuity and relationship management, offering a more efficient alternative to creating new contracts.
Suggested Sections

1. Parties: Identification of all parties to the original contract who are agreeing to the extension

2. Background: Reference to the original contract including its date and parties, and brief statement of intention to extend

3. Definitions: Key terms used in the addendum, particularly if different from or additional to the original contract

4. Extension Term: Clear specification of the new termination date or extended duration

5. Confirmation of Terms: Statement that all other terms of the original contract remain unchanged and in full force and effect

6. Governing Law: Confirmation that Swiss law continues to govern the agreement

7. Counterparts and Execution: Provisions for signing the addendum and making it effective

Optional Sections

1. Modified Terms: Used when any terms besides the duration are being modified along with the extension

2. Updated Pricing: Include if prices or fees are being adjusted for the extension period

3. Additional Obligations: Include if any new obligations are being added for the extension period

4. Conditions Precedent: Include if the extension is subject to certain conditions being met

5. Representations and Warranties: Include if fresh representations are required for the extension period

Suggested Schedules

1. Updated Commercial Terms: Details of any revised pricing, payment terms, or commercial conditions for the extension period

2. Performance Metrics: Any updated KPIs or performance standards applicable during the extension

3. Extension Timeline: Detailed timeline of the extension period including any milestone dates or deadlines

4. Amended Terms List: Comprehensive list of any terms being modified, if applicable

Authors

Alex Denne

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

Relevant Industries

Manufacturing

Financial Services

Technology

Healthcare

Professional Services

Real Estate

Construction

Retail

Telecommunications

Energy

Transportation and Logistics

Consumer Goods

Education

Hospitality

Relevant Teams

Legal

Procurement

Commercial

Operations

Business Development

Compliance

Risk Management

Finance

Supply Chain

Sales

Contract Administration

Corporate Affairs

Business Operations

Vendor Management

Relevant Roles

Legal Counsel

Contract Manager

Procurement Manager

Business Development Manager

Commercial Director

Chief Legal Officer

Operations Manager

Project Manager

Account Executive

Relationship Manager

Compliance Officer

Risk Manager

Chief Financial Officer

Supply Chain Manager

Sales Director

Industries
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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