Business OS
Finance & AccountingFinancing

Extension of Agreement

This template is used to formally extend the term or duration of an existing agreement between two or more parties. It is suitable for various types of agreements such as contracts, leases, or service agreements.

Updated 16d ago
agreementextensioncontractfinancinglegalamendment

COMPANY LETTERHEAD

{{company_name}}

{{company_address}}

Phone: {{phone}}

Email: {{email}}

Website: {{website}}

DATE

{{date}}

ADDRESSEE

{{addressee_name}}

{{addressee_address}}

SUBJECT: EXTENSION OF AGREEMENT NO. {{agreement_number}}

This Extension of Agreement (hereinafter referred to as 'this Extension') is made and entered into on this {{day}} day of {{month}}, {{year}}, by and between:

{{company_name}}, a company duly incorporated under the laws of {{jurisdiction}}, with its principal place of business at {{company_address}} (hereinafter referred to as 'Party A');

AND

{{addressee_name}}, a company/individual duly incorporated/residing under the laws of {{jurisdiction}}, with its/his/her principal place of business/residence at {{addressee_address}} (hereinafter referred to as 'Party B').

Party A and Party B are hereinafter collectively referred to as 'the Parties' and individually as 'Party'.

RECITALS

WHEREAS, the Parties previously entered into an agreement titled '{{original_agreement_title}}', dated {{original_agreement_date}} (hereinafter referred to as 'the Original Agreement'), concerning {{brief_description_of_original_agreement}}.

WHEREAS, the term of the Original Agreement is set to expire on {{original_expiry_date}}.

WHEREAS, the Parties desire to extend the term of the Original Agreement under the terms and conditions set forth herein.

AGREEMENT TO EXTEND

The Parties hereby agree to extend the term of the Original Agreement for an additional period commencing on {{new_start_date}} and terminating on {{new_expiry_date}} (hereinafter referred to as 'the Extended Term').

All terms and conditions of the Original Agreement, except as expressly modified by this Extension, shall remain in full force and effect during the Extended Term.

MODIFICATIONS (IF ANY)

During the Extended Term, the following modifications shall apply:

{{modification_1_description}}

{{modification_2_description}}

(Add additional modifications as required)

GOVERNING LAW

This Extension shall be governed by and construed in accordance with the laws of {{jurisdiction}}.

ENTIRE AGREEMENT

This Extension, together with the Original Agreement, constitutes the entire agreement between the Parties with respect to the subject matter hereof and supersedes all prior discussions, negotiations, and agreements, whether oral or written.

SIGNATURES

IN WITNESS WHEREOF, the Parties have executed this Extension as of the date first above written.

_____________________________

{{party_a_signature}}

Name: {{party_a_name}}

Title: {{party_a_title}}

For and on behalf of {{company_name}}

_____________________________

{{party_b_signature}}

Name: {{party_b_name}}

Title: {{party_b_title}}

For and on behalf of {{addressee_name}}

Related templates