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Contract Extension Amendment
"I need a Contract Extension Amendment for our IT services agreement with TechCorp Solutions Ltd., extending the current contract for an additional 24 months from March 1, 2025, with an updated pricing schedule to reflect a 5% increase in monthly fees."
1. Parties: Full legal names and addresses of all parties to the original agreement
2. Background: Reference to the original agreement, its date, and brief description of why extension is needed
3. Definitions: Key terms used in the amendment, including reference to definitions in original agreement
4. Extension Term: Specific details of the extension period and effective date
5. Continuation of Terms: Confirmation that all other terms of the original agreement remain in full force and effect
6. Governing Law: Confirmation of Irish law as governing law of the amendment
7. Execution: Signature blocks for all parties
1. Additional Modifications: Used when other terms besides the duration need to be modified
2. Consideration: Include when there are new financial terms or consideration for the extension
3. Conditions Precedent: Used when the extension is subject to certain conditions being met
4. Representations and Warranties: Include when parties need to make new representations as of the extension date
5. Notices: Include if contact details for notices have changed
6. Electronic Execution: Include if parties will execute the amendment electronically
1. Schedule 1 - Original Agreement: Copy of the original agreement being extended
2. Schedule 2 - Modified Terms: Detailed list of any terms being modified besides the duration
3. Schedule 3 - Updated Commercial Terms: Any updated pricing, payment terms, or commercial conditions
4. Appendix A - Required Approvals: List of any required third-party or regulatory approvals for the extension
5. Appendix B - Updated Contact Information: Updated contact details for all parties if changed
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