Document background
A Contract Extension Addendum is utilized when parties wish to extend the duration of an existing contract beyond its original termination date. This document type is particularly relevant in the Irish legal context, where it must adhere to specific contractual requirements under Irish law. It's commonly used in various business relationships when parties are satisfied with their existing arrangement but need to extend its duration, potentially with some modifications to terms, pricing, or scope. The addendum typically includes reference to the original agreement, clearly states the extension period, specifies any modified terms, and confirms which original conditions remain unchanged. It's essential for business continuity and relationship management, providing a formal framework for extending contractual relationships while maintaining legal compliance and clarity.
