The Contract Extension Addendum Template serves as a critical tool for business continuity when parties wish to extend their contractual relationship beyond the original term. This document, designed for use in U.S. jurisdictions, provides a structured framework for documenting contract extensions while ensuring legal compliance and clarity. It captures essential information including the extension period, any modified terms, and maintains the binding nature of the original agreement. The template is particularly valuable when parties need to quickly and efficiently extend their contractual relationships without negotiating an entirely new agreement.
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1. Parties: Identification of all parties to the original contract and extension
2. Background: Reference to original agreement and reason for extension
3. Definitions: Key terms used in the addendum
4. Extension Term: Specific duration of the extension period
5. Continued Effect: Confirmation that all other terms remain in force
6. Execution: Signature blocks and date
1. Modified Terms: Any terms being modified along with the extension - use when other contract terms need adjustment
2. Additional Consideration: Any new consideration for the extension - use when additional value is exchanged
3. Conditions Precedent: Conditions that must be met for extension to take effect - use when extension is conditional
1. Schedule A - Original Agreement: Copy of the original contract being extended
2. Schedule B - Modified Terms: Detailed list of any modified terms if applicable
3. Schedule C - Performance Requirements: Updated performance metrics or requirements if being modified
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