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Contract Extension Addendum
"I need a Contract Extension Addendum to extend our IT services agreement with Tech Solutions Sdn Bhd for an additional 24 months from January 2025, with a 5% increase in monthly service fees."
1. Parties: Identification of all parties to the original contract and this extension addendum
2. Background: Reference to the original contract, its date, and basic purpose
3. Definitions: Key terms used in the addendum, including reference to definitions in the original contract
4. Extension Term: Specific details of the extension period and effective date
5. Continuation of Original Terms: Confirmation that all other terms and conditions of the original contract remain in full force and effect
6. Governing Law: Confirmation of Malaysian law as the governing law
7. Execution: Signature blocks for all parties
1. Modified Terms: Any specific terms from the original contract that are being modified along with the extension
2. Additional Terms: Any new terms being added as part of the extension
3. Price Adjustment: If there are any changes to pricing or payment terms for the extension period
4. Performance Review: Reference to any performance evaluation that justified the extension
5. Conditions Precedent: Any conditions that must be met before the extension becomes effective
1. Schedule 1 - Original Agreement: Copy or reference to the original contract being extended
2. Schedule 2 - Updated Pricing: If applicable, detailed breakdown of any price changes for the extension period
3. Schedule 3 - Performance Metrics: If applicable, updated performance indicators or service levels for the extension period
4. Appendix A - Authorized Signatories: List of authorized signatories if different from the original agreement
Authors
Manufacturing
Technology
Professional Services
Construction
Healthcare
Retail
Telecommunications
Financial Services
Education
Logistics
Real Estate
Energy
Legal
Procurement
Commercial
Finance
Operations
Compliance
Risk Management
Supply Chain
Business Development
Contract Administration
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 Manager
Supply Chain Manager
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