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Contract Extension Addendum

Contract Extension Addendum Template for United Arab Emirates

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Key Requirements PROMPT example:

Contract Extension Addendum

"I need a Contract Extension Addendum for our IT services agreement with ABC Technologies, extending the current term by 24 months until March 15, 2025, with all other terms remaining the same."

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Document background
The Contract Extension Addendum is a crucial document used when parties wish to extend their contractual relationship beyond the original term without creating an entirely new agreement. This document type is particularly relevant in the UAE business environment, where ongoing business relationships often require formal documentation of extensions to comply with local legal requirements. The addendum typically includes the extension period, any modified terms, and confirmations that other original contract provisions remain in force. It's essential for maintaining legal continuity while adapting to changing business needs, and must comply with UAE Civil Code requirements regarding contract modifications. This document is commonly used across various industries when the original contract is approaching its expiration date and both parties agree to continue their business relationship.
Suggested Sections

1. Parties: Identification of all parties to the original agreement and confirmation that they remain the same for the extension

2. Background: Reference to the original agreement, its date, and basic purpose, establishing the context for the extension

3. Definitions: Key terms used in the addendum, including reference to definitions from the original agreement

4. Extension Term: Clear specification of the new duration of the agreement, including start and end dates

5. Continuation of Original Terms: Confirmation that all other terms and conditions of the original agreement remain in full force and effect

6. Governing Law and Jurisdiction: Confirmation of UAE law as governing law and relevant jurisdiction for dispute resolution

7. Execution: Signature blocks for all parties and execution requirements under UAE law

Optional Sections

1. Modified Terms: Used when any original terms need to be modified alongside the extension

2. Additional Considerations: Used when new terms or conditions are being added as part of the extension

3. Price Adjustment: Include when there are changes to pricing or payment terms for the extended period

4. Performance Review: Used when extension is conditional on past performance or sets new performance metrics

5. Notices: Include if there are any changes to the contact details or notice requirements

Suggested Schedules

1. Schedule 1 - Original Agreement: Copy or reference to the original agreement being extended

2. Schedule 2 - Updated Commercial Terms: Details of any modified commercial terms for the extension period

3. Schedule 3 - Performance Metrics: If applicable, updated or new performance requirements for the extension period

4. Appendix A - Required Authorizations: Copies of any necessary corporate or regulatory approvals for the extension

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈË°æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions




















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Relevant Industries

Real Estate and Construction

Information Technology

Professional Services

Manufacturing

Retail and Consumer Goods

Healthcare

Education

Financial Services

Energy and Utilities

Telecommunications

Logistics and Transportation

Hospitality and Tourism

Relevant Teams

Legal

Procurement

Commercial

Finance

Operations

Compliance

Risk Management

Business Development

Contract Administration

Relevant Roles

Legal Counsel

Contract Manager

Procurement Manager

Business Development Manager

Commercial Director

Chief Financial Officer

Project Manager

Operations Director

Compliance Officer

Risk Manager

General Manager

Managing Director

Industries





Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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