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Addendum To Extend Contract

Addendum To Extend Contract Template for Malaysia

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Key Requirements PROMPT example:

Addendum To Extend Contract

"I need an Addendum to Extend Contract for our IT services agreement with TechCorp Solutions Sdn Bhd, extending the current contract for an additional 24 months until March 31, 2025, with all other terms remaining unchanged."

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Document background
The Addendum To Extend Contract is a essential legal instrument used in Malaysian business practice when parties wish to continue their contractual relationship beyond the original term. This document type is particularly relevant when the original contract is performing satisfactorily and parties prefer to extend rather than renegotiate entirely new terms. It must comply with Malaysian contract law, particularly the Contracts Act 1950 and the Stamp Act 1949 for proper execution and enforcement. The addendum typically includes the extension period, any price adjustments, updated deliverables, and confirmation of continuing terms from the original agreement. It's commonly used across various industries from construction to services, and can be adapted to accommodate both simple term extensions and more complex modifications to the original contract terms.
Suggested Sections

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

2. Background: Reference to the original contract including its date, parties, and subject matter, and the parties' desire to extend it

3. Definitions: Key terms used in the addendum, typically referring to definitions in the original contract and adding any new ones specific to the extension

4. Extension Term: Clear specification of the new contract end date or extension period

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

6. Governing Law: Confirmation that the addendum is governed by Malaysian law, consistent with the original contract

7. Execution: Signature blocks for all parties to execute the addendum

Optional Sections

1. Updated Terms: Used when specific terms from the original contract need to be modified along with the extension

2. Price Adjustment: Include when the extension involves changes to pricing or payment terms

3. Performance Review: Used when the extension is conditional upon review of past performance or specific achievements

4. Additional Obligations: Include when new responsibilities or requirements are being added with the extension

5. Conditions Precedent: Used when the extension is subject to certain conditions being met

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

Suggested Schedules

1. Schedule 1 - Updated Pricing: Details of any price changes or new rate cards applicable during the extension period

2. Schedule 2 - Revised Deliverables: If applicable, updated list of deliverables or services for the extension period

3. Schedule 3 - Performance Metrics: If relevant, updated KPIs or performance standards for the extension period

4. Appendix A - Original Contract: Copy of the original contract being extended (optional but often included for reference)

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

Construction

Manufacturing

Professional Services

Healthcare

Education

Retail

Telecommunications

Financial Services

Real Estate

Energy

Logistics

Agriculture

Mining

Relevant Teams

Legal

Procurement

Contract Administration

Operations

Finance

Risk Management

Compliance

Commercial

Business Development

Supply Chain

Project Management

Administration

Relevant Roles

Contract Manager

Procurement Manager

Legal Counsel

Business Development Manager

Project Manager

Commercial Director

Operations Manager

Chief Financial Officer

Risk Manager

Compliance Officer

General Manager

Supply Chain Manager

Account Manager

Chief Executive Officer

Administrative Officer

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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