The Contract Extension Addendum is a crucial document used when parties wish to continue their contractual relationship beyond the original term. Governed by Swiss law, particularly the Swiss Code of Obligations (OR/CO), this document type is commonly employed across various industries to extend existing agreements while potentially updating certain terms to reflect current circumstances. It's particularly useful when the original contract remains largely suitable but requires a duration extension or minor modifications. The addendum must comply with Swiss legal requirements regarding contract modifications and should clearly reference the original agreement while specifying any changes. This document type is especially relevant in ongoing business relationships where continuity is desired but a full contract renewal isn't necessary.
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1. Parties: Identification of all parties to the original agreement and confirmation that they remain the same for the extension
2. Background: Reference to the original agreement, its date, and any previous amendments or extensions
3. Definitions: Key terms used in the addendum, including reference to definitions in the original agreement that remain applicable
4. Extension Term: Clear specification of the new duration of the agreement, including start and end dates
5. Continuing Effect: Confirmation that all other terms and conditions of the original agreement remain in full force and effect
6. Governing Law and Jurisdiction: Confirmation of Swiss law as governing law and jurisdiction (even if unchanged from original agreement)
7. Execution: Signature blocks for all parties
1. Modified Terms: Any terms from the original agreement that are being modified besides the duration. Include only if there are changes to other terms
2. Updated Pricing: Any adjustments to pricing or payment terms for the extension period. Include if price changes are part of the extension
3. Performance Review: Reference to past performance or conditions met that justify the extension. Include if extension is performance-based
4. Notices: Updated contact information for notices. Include only if there are changes to contact details
5. Regulatory Compliance: Any new regulatory requirements that need to be addressed. Include if regulatory landscape has changed
6. Integration Clause: Statement about how this addendum integrates with other contract documents. Include if there are multiple amendments
1. Schedule 1 - Original Agreement: Copy of the original agreement being extended (usually attached for reference)
2. Schedule 2 - Updated Commercial Terms: If applicable, detailed breakdown of any modified commercial terms for the extension period
3. Schedule 3 - Performance Metrics: If extension is performance-based, documentation of relevant performance criteria or achievements
4. Appendix A - Authorization Documents: Any corporate authorizations or board resolutions required for the extension
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