This CONTRACT EXTENSION AGREEMENT (“Extension”) is dated as of [Insert Date] (the “Effective Date”), by and between:
[Insert Party A Name]
[Insert Party A Address]
[Insert Party B Name]
[Insert Party B Address]
Collectively known as the “Parties”.
WHEREAS the Parties entered into a [Insert Name of Original Contract] on [Insert Original Contract Date] (the “Original Contract”).
WHEREAS the Parties hereby agree to extend the term of the Original Contract in accordance with the terms of the Original Contract as well as the terms provided herein.
In consideration of the mutual covenants contained herein, each of [insert Party A Name] and [Insert Party B Name] mutually covenant and agree as follows:
– The Original Contract, which is attached hereto as a part of this Extension, will end on [Insert Original Contract End Date].
– The parties agree to extend the Original Contract for an additional period, which will begin immediately upon the expiration of the original time period and will end on [Insert Contract Extension End Date].
– In addition, the following provisions of the Original Contract are amended as described herein:
[Insert amendments to Original Contract, if any]
– This Extension binds and benefits both Parties and any successors or assigns. This document, including the attached Original Contract, is the entire agreement between the Parties.
All other terms and conditions of the Original Contract remain unchanged.
This Agreement shall be signed on behalf of [Insert Party A Name] by [Insert Party A Representative] and on behalf of [Insert Party B Name] by [Insert Party B Representative].
[Insert Party A’s Name]
By: ___________________________________ Date: __________________
[Insert Party A Representative]
[Insert Party A Representative Title]
[Insert Party B Name]
By: ___________________________________ Date: ___________________________________
[Insert Party B Representative]
[Insert Party B representative Title]