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Extension Addendum To Contract
"I need an Extension Addendum to Contract for a commercial lease agreement in Dubai, extending the current term by 24 months from January 1, 2025, with an option to include updated maintenance terms and revised rental payments."
1. Parties: Identification of all parties to the original contract, including their full legal names and addresses
2. Background: Reference to the original contract, its date, and purpose, establishing the context for this extension
3. Definitions: Key terms used in the addendum, including reference to definitions in the original contract
4. Extension Terms: Specific details of the extension period and effective date
5. Confirmation of Other Terms: Affirmation that all other terms and conditions of the original contract remain unchanged
6. Governing Law and Jurisdiction: Confirmation of UAE law as governing law and relevant jurisdiction
7. Execution: Signature blocks for all parties, including date and place of signing
1. Additional Modifications: Used when other terms besides the extension period are being modified
2. Consideration: Include if there is any additional payment or consideration for the extension
3. Conditions Precedent: Include if the extension is subject to certain conditions being met
4. Notices: Include if there are any changes to the notice provisions or contact details
5. Electronic Execution: Include if the addendum will be executed electronically, ensuring compliance with UAE Electronic Transactions Law
1. Schedule 1 - Extension Timeline: Detailed timeline of the extension period, including any milestone dates or phases
2. Schedule 2 - Original Agreement: Copy of the original contract being extended
3. Schedule 3 - Updated Commercial Terms: If applicable, any revised pricing or commercial terms associated with the extension
4. Appendix A - Authorization Documents: Copies of any corporate authorizations required for the extension
Authors
Real Estate
Construction
Information Technology
Professional Services
Manufacturing
Retail
Healthcare
Education
Energy
Transportation and Logistics
Financial Services
Telecommunications
Legal
Procurement
Operations
Commercial
Contract Administration
Project Management
Business Development
Risk and Compliance
Finance
Corporate Governance
Legal Counsel
Contract Manager
Commercial Director
Project Manager
Operations Manager
Procurement Manager
Business Development Manager
General Manager
Chief Executive Officer
Chief Legal Officer
Chief Operating Officer
Facility Manager
Account Manager
Risk Manager
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