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Loi Extension Letter
"I need an LOI Extension Letter for a construction project to extend the current Letter of Intent from March 2025 to June 2025, with additional provisions for increased material costs due to project delays."
1. Reference to Original LOI: Clear identification of the original LOI including date and parties
2. Current Status: Brief statement of current position and progress under the original LOI
3. Extension Period: Clear specification of new expiry date or extended duration
4. Confirmation of Terms: Statement that all other terms of the original LOI remain unchanged
1. Additional Conditions: New conditions applicable for the extension period, used when circumstances have changed requiring additional terms
2. Cost Implications: Changes to costs or fees during the extension period, used when extension affects pricing or payment terms
3. Progress Report: Summary of progress to date under the original LOI, used when significant work has been undertaken
1. Original LOI: Copy of the original Letter of Intent as reference
2. Progress Schedule: Updated timeline or schedule of works for the extension period
Authors
Reference to Original LOI
Continuation of Terms
Variation
Authority
Governing Law
Counterparts
Notices
Payment Terms
Works or Services Scope
Duration
Binding Effect
Conditions Precedent
Warranties
Confirmation of Original Terms
Amendment of Original Terms
Costs
Execution Requirements
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