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Extension Addendum To Contract

Extension Addendum To Contract Template for India

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Key Requirements PROMPT example:

Extension Addendum To Contract

"I need an Extension Addendum To Contract to extend our IT services agreement with TechServe Solutions for an additional 24 months until March 31, 2025, including an updated pricing structure to account for increased service scope."

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Document background
The Extension Addendum To Contract is a crucial document used in Indian business operations when parties wish to extend their contractual relationship beyond the original termination date. This document type is particularly relevant when the fundamental terms of the original agreement remain satisfactory, but an extension of time is required to continue the business relationship. The addendum must comply with Indian contract law requirements and typically includes specific references to the original contract, clear identification of the extended term, and any modifications to existing terms. It's commonly used across various industries and is especially useful in ongoing service agreements, lease arrangements, or long-term business partnerships where continuity is important but a full contract renewal isn't necessary.
Suggested Sections

1. Parties: Identification of all parties to the original contract who are agreeing to this extension

2. Background: Reference to the original contract including its date and parties, and brief context for the extension

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

4. Extension Term: Specific details of the time extension, including new termination date

5. Continued Effect: Confirmation that all other terms and conditions of the original contract remain in full force and effect

6. Governing Law: Confirmation of the governing law (Indian law) and jurisdiction

7. Counterparts: Provision for execution in multiple counterparts

8. Execution: Signature blocks for all parties

Optional Sections

1. Modified Terms: Include when specific terms beyond the extension period need to be modified

2. Additional Terms: Include when new terms need to be added to the original contract

3. Consideration: Include when there are changes to financial terms or payment conditions

4. Representations and Warranties: Include when parties need to make new representations as of the extension date

5. Regulatory Compliance: Include when extension requires compliance with new or additional regulations

Suggested Schedules

1. Schedule 1 - Updated Timeline: New timeline or milestone dates affected by the extension

2. Schedule 2 - Modified Commercial Terms: Any updates to pricing, payment terms, or commercial conditions

3. Appendix A - Original Contract: Copy of the original contract being extended

4. Appendix B - Required Approvals: Copies of any regulatory or corporate approvals required 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

























Clauses























Relevant Industries

Information Technology

Manufacturing

Professional Services

Real Estate

Construction

Healthcare

Retail

Telecommunications

Financial Services

Education

Energy

Logistics and Transportation

Entertainment and Media

Relevant Teams

Legal

Procurement

Operations

Commercial

Compliance

Risk Management

Business Development

Contract Administration

Finance

Project Management

Relevant Roles

Legal Counsel

Contract Manager

Procurement Manager

Business Development Manager

Operations Director

Commercial Manager

Project Manager

Compliance Officer

Risk Manager

Chief Legal Officer

General Counsel

Senior Contract Administrator

Vendor Manager

Account Manager

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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