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What is an Extension of Agreement?
A Contract Extension Agreement or an Extension of Agreement is used when you want to continue an existing contract that’s about to end. A new contract doesn’t need to be drafted, only changes in the termination date is to be made. A contract extension agreement can be used to make changes in the existing contract. Create a Contract Extension Agreement to increase the duration of your existing contract. It’s often simpler to have a Contract Extension Agreement than to write a whole new contract or an additional Contract Amendment document.
Other names for this document: Contract Extension Letter, Extension of Contract Agreement
How to use it?
Your Contract Extension Agreement should include details like the effective date of the extension agreement; the names and addresses of the parties involved, and their signatories; the name and date of the original contract; the end date of the original contract; the end date of this extension; and any amendments to any provisions of the original document (be specific about which part is being changed, added to, or deleted). You may wish to attach the original document to the extension agreement, so you can clearly see what adjustments were made.
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