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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."
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
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
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
Original Agreement
Original Term
Extension Period
Extension Date
Effective Date
Extended Termination Date
Parties
Original Parties
Extension Fee
Modified Terms
Surviving Provisions
Extension Conditions
Business Day
Notice Period
Updated Schedule
Governing Law
Extended Services
Extension Notice
Renewal Terms
Manufacturing
Financial Services
Technology
Healthcare
Professional Services
Real Estate
Construction
Retail
Telecommunications
Energy
Transportation and Logistics
Consumer Goods
Education
Hospitality
Legal
Procurement
Commercial
Operations
Business Development
Compliance
Risk Management
Finance
Supply Chain
Sales
Contract Administration
Corporate Affairs
Business Operations
Vendor Management
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
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