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Contract Extension Addendum
"I need a Contract Extension Addendum to extend our existing software development agreement with TechCorp Pte Ltd for an additional 24 months from March 2025, with a 5% increase in monthly service fees."
1. Parties: Identification of all parties to the original contract and addendum
2. Background: Reference to original contract and reason for extension
3. Definitions: Key terms used in the addendum, including reference to original definitions
4. Extension Term: Specific period of extension and effective date
5. Continuing Effect: Confirmation of which original terms remain in force
6. Execution: Signature blocks and execution requirements
1. Modified Terms: Any terms being modified during the extension period - use when changes to original terms are needed
2. Additional Terms: New terms applicable during extension period - use when new conditions are being added
3. Consideration: Details of any new consideration - use when additional payment or value exchange is involved
1. Schedule of Updated Fees: If pricing or payment terms are modified
2. Schedule of Modified Services: If scope of services is changing during extension
3. Schedule of Key Dates: Timeline of extension milestones and deadlines
Authors
Original Agreement
Extension Period
Extension Term
Effective Date
Extension Commencement Date
Extension Termination Date
Parties
Original Terms
Modified Terms
Consideration
Business Day
Governing Law
Force Majeure
Notices
Fees
Extension Fee
Services
Extended Services
Authorized Representatives
Validity Period
Renewal Notice
Extension Notice
Recitals
Extension Term
Consideration
Continuing Effect
Modified Terms
Additional Terms
Payment Terms
Representations and Warranties
Notices
Governing Law
Amendment
Survival
Integration
Severability
Counterparts
Authorization
Electronic Execution
Force Majeure
Assignment
Confidentiality
Entire Agreement
Further Assurance
Costs
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