Free Contract Extension Addendum Template
CONTRACT EXTENSION ADDENDUM
I. Introduction
This Contract Extension Addendum ("Addendum") is made as of August 15, 2051, by and between [Your Company Name], with its principal office located at [Your Company Address], and Global Solutions, LLC, with its principal office located at 456 Commerce Blvd, Suite 200, Townsville, ST 67890. This Addendum is intended to extend the term of the original contract between the parties dated January 10, 2050.
II. Date
|
Original Contract Date |
August 10. 2051 |
|
Extension Start Date |
August 11, 2051 |
|
Extension End Date |
August 10, 2052 |
III. Parties Involved
|
Party |
Company |
Address |
|---|---|---|
|
First Party |
[Your Company Name] |
[Your Company Address] |
|
Second Party |
Global Solutions, LLC |
456 Commerce Blvd, Suite 200, Townsville, ST 67890 |
IV. Reference to the Original Contract
|
Original Contract Title |
Service Agreement for IT Support |
|
Contract Date |
January 10, 2050 |
|
Contract Number |
SA2050-12345 |
V. Extension Details
|
Extension Start Date |
August 11. 2051 |
|
Extension End Date |
August 10, 2052 |
|
Extended Scope |
Continued IT support services and system maintenance. |
VI. Revised Terms and Conditions
-
Payment Terms: Payments will continue to be made every quarter, with amounts adjusted based on the cost of living index as specified in the original contract.
-
Service Levels: Service level agreements will remain the same as those outlined in the original contract.
-
Termination Clause: Either party may terminate the extended contract with a 30-day written notice.
VII. Date of Agreement
This Addendum is effective as of August 15, 2051, and shall remain in effect until August 10, 2052, unless terminated earlier under the terms of the original contract and this Addendum.
VIII. Signatures
[Your Name]
Chief Operations Officer of [Your Company Name]
[DATE SIGNED]
Jane Smith
Managing Director of Global Solutions, LLC
[DATE SIGNED]
