The Addendum To Extend Contract Template serves as a critical tool when parties wish to continue their contractual relationship beyond the original termination date. This document is particularly useful in the United States business environment where formal documentation of contract modifications is essential for legal certainty. It allows parties to extend their agreement without the need to draft an entirely new contract, while providing the flexibility to update specific terms if needed. The addendum typically includes the extension period, any modified terms, and ensures all other original contract provisions remain in force. This template is designed to comply with U.S. contract law requirements and can be customized for various industries and contract types.
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1. Parties: Identifies the original parties to the contract and confirms they remain the same
2. Background: References the original agreement, its date, and purpose for extension
3. Definitions: Key terms used in the addendum, particularly any new terms not in original agreement
4. Extension Term: Specifies the new duration of the contract, including start and end dates
5. Effect on Original Agreement: Confirms all other terms remain in full force and effect unless specifically modified
6. Execution: Signature blocks and date of addendum execution
1. Modified Terms: Any changes to original terms during extension period - use when original terms need modification alongside extension
2. Price Adjustments: Changes to pricing or payment terms - use when prices or payment terms change during extension
3. Performance Reviews: New or modified performance metrics - use when adding performance evaluation criteria
4. Renewal Options: Terms for future extensions - use when including possibility of further extensions
1. Schedule A - Updated Pricing: New price lists or rate cards applicable during extension
2. Schedule B - Revised Deliverables: Any modified scope of work or deliverables
3. Schedule C - Performance Metrics: Updated KPIs or service levels
4. Original Agreement: Copy of original agreement being extended
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