Business OS
Human ResourcesGeneral

Renewal Agreement

This Renewal Agreement template is used to extend the terms of an existing agreement between two parties. It is suitable for renewing contracts such as employment agreements, service agreements, or lease agreements.

Updated 16d ago
renewalagreementcontractextensionSouthern Africastaff management

COMPANY LETTERHEAD

{{company_name}}

{{company_address}}

Phone: {{phone}}

Email: {{email}}

Website: {{website}}

RENEWAL AGREEMENT

This Renewal Agreement ('Agreement') is made and entered into on this {{day}} day of {{month}}, {{year}}, by and between:

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

2. {{party_name}}, (ID/Passport No: {{id_passport_number}}) with residential address at {{party_address}} (hereinafter referred to as 'the Other Party').

(The Company and the Other Party hereinafter collectively referred to as 'the Parties' and individually as 'a 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'); and

WHEREAS, the term of the Original Agreement is due to expire on {{expiry_date}}; and

WHEREAS, the Parties mutually desire to renew and extend the terms and conditions of the Original Agreement, subject to the modifications and conditions set forth herein.

RENEWAL OF AGREEMENT

Subject to the terms and conditions of this Agreement, the Parties hereby agree to renew and extend the Original Agreement for a further period commencing on {{renewal_start_date}} and terminating on {{renewal_end_date}}.

TERMS AND CONDITIONS

Unless expressly modified hereunder, all terms, conditions, covenants, and provisions of the Original Agreement shall remain in full force and effect during the renewed term.

Any amendments or variations to the Original Agreement not explicitly stated in this Renewal Agreement shall require a separate written addendum signed by both Parties.

MODIFICATIONS (if any)

The Parties agree to the following modifications to the Original Agreement during the renewed term:

{{modification_1_description}}

{{modification_2_description}}

....................................................................

If no modifications are intended, state 'No modifications'.

GOVERNING LAW AND JURISDICTION

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

Any disputes arising out of or in connection with this Agreement shall be subject to the exclusive jurisdiction of the courts of {{jurisdiction}}.

ENTIRE AGREEMENT

This Agreement, together with the Original Agreement, constitutes the entire understanding between the Parties concerning the subject matter hereof and supersedes all prior agreements, negotiations, and understandings, whether written or oral, relating to such subject matter.

SIGNATURES

IN WITNESS WHEREOF, the Parties have executed this Renewal Agreement on the date first above written.

FOR: {{company_name}}

_____________________________

Name: {{company_representative_name}}

Title: {{company_representative_title}}

Date: {{signature_date}}

_____________________________

Name: {{party_name}}

ID/Passport No: {{id_passport_number}}

Date: {{signature_date}}

Related templates