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Contract Extension Amendment Template for Ireland

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Key Requirements PROMPT example:

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."

Document background
The Contract Extension Amendment is utilized when parties to an existing agreement wish to extend their contractual relationship beyond the original termination date. This document type is essential in Irish business practice and is commonly used across various industries when parties want to maintain their existing contractual relationship without negotiating an entirely new agreement. It must comply with Irish contract law requirements and typically includes the extension period, any modifications to existing terms, and confirmation of continuing obligations. The document is particularly relevant when time is of essence, as it provides a streamlined approach to extending contract duration while optionally updating specific terms. It's commonly used for service agreements, lease contracts, employment contracts, and various commercial arrangements where continuity of the contractual relationship is desired.
Suggested Sections

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

Optional Sections

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

Suggested Schedules

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

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈ˰æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions






















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Relevant Industries

Technology

Manufacturing

Professional Services

Real Estate

Financial Services

Healthcare

Retail

Construction

Telecommunications

Energy

Transportation and Logistics

Education

Relevant Teams

Legal

Procurement

Commercial

Finance

Operations

Business Development

Compliance

Risk Management

Contract Administration

Corporate Governance

Relevant Roles

Legal Counsel

Contract Manager

Procurement Manager

Business Development Manager

Commercial Director

Chief Financial Officer

Operations Manager

Project Manager

Account Manager

Compliance Officer

Risk Manager

General Counsel

Company Secretary

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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