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1. Parties: Identification of the contracting parties, including their full legal names, registration numbers, and registered addresses
2. Background: Context of the original contract and the reason for the extension option
3. Definitions: Key terms used in the agreement, including 'Original Contract', 'Extension Period', 'Option Notice', and 'Extension Date'
4. Grant of Option: The formal grant of the extension right to the relevant party
5. Exercise of Option: Procedure and requirements for exercising the option, including notice period and format
6. Extension Period: Duration of the extension period and any conditions attached
7. Terms During Extension: Confirmation of which original contract terms continue to apply during the extension period
8. Conditions Precedent: Any conditions that must be satisfied before the extension becomes effective
9. Notices: Format and delivery requirements for all formal communications under the agreement
10. Governing Law and Jurisdiction: Specification of Malaysian law as governing law and jurisdiction for disputes
1. Price Adjustment: Terms for any price or fee adjustments during the extension period - include if prices will change
2. Additional Obligations: Any new obligations that will apply during the extension period - include if terms will be modified
3. Multiple Extensions: Provisions for multiple extension options - include if more than one extension period is possible
4. Security Requirements: Any additional security or guarantee requirements for the extension - include if additional security is needed
5. Break Rights: Rights to terminate during the extension period - include if early termination rights are needed
6. Performance Review: Criteria for reviewing performance before extension - include if extension is performance-dependent
1. Schedule 1 - Original Contract: Copy or reference to the original contract being extended
2. Schedule 2 - Extension Notice Form: Template form for exercising the extension option
3. Schedule 3 - Modified Terms: Details of any terms that will be modified during the extension period
4. Schedule 4 - Fee Schedule: Updated pricing or fee structure for the extension period
5. Appendix A - Performance Criteria: Specific performance requirements that must be met for extension eligibility
Real Estate
Construction
Information Technology
Manufacturing
Retail
Professional Services
Telecommunications
Healthcare
Education
Logistics
Energy
Mining
Agriculture
Financial Services
Legal
Procurement
Commercial
Operations
Finance
Business Development
Risk & Compliance
Facilities Management
Contract Administration
Project Management
Contract Manager
Legal Counsel
Commercial Director
Procurement Manager
Business Development Manager
Operations Director
Chief Financial Officer
Project Manager
Facilities Manager
Account Manager
Risk Manager
Compliance Officer
General Manager
Chief Executive Officer
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