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What is a Contract Extension Agreement?
Create a Contract Extension Agreement to increase the duration of your existing contract. If you're happy with an existing contract that's about to end, or you want to make some changes that include extending the termination date, it's often simpler to have a Contract Extension Agreement than to write a whole new contract or an additional Contract Amendment document. Your Contract Extension Agreement should include details like: the effective date of the extension agreement; the names and addresses of the parties involved, and their signatories; the name and date of the original contract; the end date of the original contract; the end date of this extension; and any amendments to any provisions of the original document (be specific about which part is being changed, added to, or deleted). You may wish to attach the original document to the extension agreement, so you can clearly see what adjustments were made.
When to use a Contract Extension Agreement:
- Your contract is about to end and the parties wish to extend the contract beyond the original end date.
- The parties wish to set a new termination date and make other changes to the original contract.