黑料视频

Closing Date Extension Addendum Template for Singapore

A Closing Date Extension Addendum is a legal document under Singapore law that modifies the original closing date in a purchase or sale agreement. It formally documents the parties' agreement to extend the completion date of their transaction, ensuring compliance with Singapore's Contract Act and related legislation. The document specifies the new closing date, any additional terms or consideration for the extension, and confirms the continued validity of other original agreement terms.

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What is a Closing Date Extension Addendum?

The Closing Date Extension Addendum is used when parties to an existing agreement in Singapore need to formally extend their transaction's completion date. This commonly occurs due to financing delays, regulatory approvals, or other circumstances preventing completion by the original date. The document must comply with Singapore contract law requirements and typically includes the new closing date, any additional consideration, and confirmation that other original terms remain unchanged. It's particularly important in Singapore's highly regulated business environment to properly document such modifications to protect all parties' interests.

What sections should be included in a Closing Date Extension Addendum?

1. Parties: Identification of all parties to the original agreement and addendum

2. Background: Reference to original agreement and reason for extension

3. Definitions: Key terms used in the addendum

4. Extension Details: Specific details of the new closing date

5. Effect on Original Agreement: Statement that all other terms remain unchanged

6. Execution: Signature blocks and execution formalities

What sections are optional to include in a Closing Date Extension Addendum?

1. Additional Consideration: Details of any additional payment required for the extension

2. Conditions Precedent: Any conditions that must be met before extension takes effect

3. Further Assurances: Commitment to execute additional documents if needed for complex transactions

What schedules should be included in a Closing Date Extension Addendum?

1. Original Agreement: Copy of the agreement being modified

2. Extension Payment Schedule: Schedule detailing any additional consideration payments and their timing

3. Corporate Authorizations: Evidence of authority to execute for corporate parties

Authors

Alex Denne

Head of Growth (Open Source Law) @ 黑料视频 | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents

Jurisdiction

Singapore

Publisher

黑料视频

Cost

Free to use

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