Addendum For Extension Of Agreement Template for Netherlands

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Key Requirements PROMPT example:

Addendum For Extension Of Agreement

"I need an Addendum For Extension Of Agreement to extend our existing IT services contract with DataTech Solutions BV for an additional 24 months starting from March 1, 2025, with a 5% increase in service fees and updated service level requirements."

Document background
The Addendum For Extension Of Agreement is a critical legal instrument used when parties wish to extend their existing contractual relationship beyond the original term. This document type is particularly relevant under Dutch law when organizations need to maintain business continuity without negotiating an entirely new agreement. It's commonly used in situations where the original agreement has proven satisfactory but requires continuation, possibly with minor modifications to accommodate current circumstances. The addendum must comply with Dutch civil law requirements, particularly those outlined in Books 3 and 6 of the Burgerlijk Wetboek regarding contract modifications. It typically includes references to the original agreement, specific extension terms, any modified conditions, and confirmations that other original terms remain in force.
Suggested Sections

1. Parties: Identification of all parties to the original agreement, including their full legal names, addresses, and registration details

2. Background: Reference to the original agreement (including date and title), statement of parties' intention to extend the agreement, and confirmation that the original agreement remains in full force and effect except as modified by this addendum

3. Definitions: Key terms used in the addendum, incorporating definitions from the original agreement and any new terms specific to the extension

4. Extension Term: Specific details of the extension period, including start date and new end date

5. Continuing Effect: Confirmation that all other terms and conditions of the original agreement remain unchanged and in full force and effect

6. Governing Law: Confirmation that Dutch law continues to govern the agreement and this addendum

7. Execution: Signature blocks for all parties, including date of signing

Optional Sections

1. Modified Terms: Any specific terms from the original agreement that are being modified along with the extension, if applicable

2. Price Adjustment: Details of any price or fee adjustments that will take effect during the extension period

3. Performance Review: Reference to any performance evaluation that led to the extension decision, if relevant

4. Additional Services: Description of any new services or deliverables added as part of the extension

5. Conditions Precedent: Any conditions that must be met before the extension becomes effective

6. Notices: Updated contact information for notices if there have been any changes

Suggested Schedules

1. Schedule 1 - Original Agreement: Copy of the original agreement being extended

2. Schedule 2 - Updated Commercial Terms: If applicable, detailed breakdown of any modified commercial terms for the extension period

3. Schedule 3 - Performance Metrics: If applicable, updated performance indicators or service levels for the extension period

4. Appendix A - Authorization Documents: Any corporate authorizations or powers of attorney required for executing the extension

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

Information Technology

Real Estate

Manufacturing

Professional Services

Healthcare

Telecommunications

Financial Services

Retail

Construction

Energy

Transportation and Logistics

Education

Media and Entertainment

Relevant Teams

Legal

Procurement

Operations

Commercial

Business Development

Compliance

Contract Administration

Account Management

Project Management

Risk Management

Relevant Roles

Chief Executive Officer

Chief Legal Officer

Legal Counsel

Contract Manager

Procurement Manager

Business Development Manager

Commercial Director

Operations Manager

Project Manager

Account Manager

Compliance Officer

General Counsel

Senior Legal Advisor

Vendor Manager

Relationship Manager

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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