An NDA Extension Agreement is utilized when parties wish to continue their confidentiality obligations beyond the original termination date of their Non-Disclosure Agreement. This document, governed by English and Welsh law, serves to formally extend the duration while potentially updating terms, adding parties, or modifying the scope of protected information. It maintains legal enforceability while avoiding the need to draft and negotiate an entirely new agreement. The extension agreement references the original NDA and clearly specifies any modifications to the original terms.
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1. Parties: Identification of the parties to the original NDA and extension agreement
2. Background: Reference to original NDA and reason for extension
3. Definitions: Key terms used in the extension agreement
4. Extension Terms: Specific details of the extension period and any modified terms
5. Confirmation of Original Terms: Statement confirming all other original NDA terms remain in force
6. Execution: Signature blocks and execution details
1. Modified Terms: Section for documenting any amendments to original terms when changes to the original agreement are required
2. Additional Parties: Section for introducing new parties to the agreement when expansion of coverage is needed
3. Consideration: Section detailing any new consideration when additional value is being exchanged
1. Schedule 1 - Original NDA: Copy of the original NDA being extended
2. Schedule 2 - Modified Confidential Information: Updated list of confidential information if scope has changed from original agreement
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