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Letter Of Intent To Extend Contract
"I need a Letter of Intent to Extend Contract for our IT services agreement with TechServe Ltd, extending the current contract for an additional 24 months from March 2025, with a 5% price increase to reflect expanded services."
1. Letter Header: Date, addressee details, and reference to original contract
2. Original Contract Reference: Clear identification of the contract being extended including parties, date, and subject matter
3. Extension Terms: Specific duration of the proposed extension and confirmation of intention to extend
4. Confirmation of Terms: Statement confirming which existing terms will remain unchanged
5. Response Request: Request for confirmation of acceptance and deadline for response
1. Modified Terms: Section detailing any proposed changes to existing terms for the extension period
2. Price Adjustments: Section specifying any changes to pricing structure or rates for the extension period
3. Performance Review: Summary of contract performance to date and rationale for extension
4. Conditional Terms: Any conditions that must be met before the extension becomes effective
1. Original Contract: Copy of the original contract being extended
2. Performance Reports: Supporting documentation of contract performance if relevant to extension
3. Updated Pricing Schedule: Detailed breakdown of any price changes for the extension period
4. Timeline Schedule: Schedule showing key dates including extension start and end dates
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