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Extension Letter for Switzerland

Extension Letter Template for Switzerland

An Extension Letter is a formal document under Swiss law used to extend the duration of an existing agreement between parties. This document follows Swiss legal requirements, particularly those outlined in the Swiss Code of Obligations (OR), and serves as a legally binding amendment to the original agreement. It typically specifies the new duration of the agreement, confirms the continuation of existing terms, and may include any modifications necessary for the extension period. The document maintains the formality expected in Swiss business practice while providing a streamlined approach to contract extension compared to drafting a new agreement.

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What is a Extension Letter?

The Extension Letter is a crucial document in Swiss business practice, used when parties wish to continue their contractual relationship beyond the original term. This document type is particularly relevant in Switzerland's sophisticated business environment, where long-term commercial relationships are common but need periodic review and extension. The Extension Letter provides a more efficient alternative to drafting new agreements, while still complying with Swiss legal requirements, particularly the Swiss Code of Obligations. It typically includes references to the original agreement, specifies the extension period, and can incorporate any necessary updates to terms. This document type is especially useful in situations where the basic framework of the original agreement remains suitable, but parties need to extend the duration and potentially make minor modifications to accommodate current circumstances.

What sections should be included in a Extension Letter?

1. Letter Header: Date, recipient details, and reference to original agreement

2. Original Agreement Reference: Clear identification of the agreement being extended, including its date and parties

3. Extension Period: Specific statement of the new term or extension period

4. Confirmation of Terms: Statement confirming all other terms remain unchanged

5. Execution Block: Signature blocks for all parties

What sections are optional to include in a Extension Letter?

1. Additional Amendments: Section to include if any other terms are being modified along with the extension

2. Consideration Statement: Include if there is any new consideration for the extension

3. Conditions Precedent: Include if the extension is subject to certain conditions being met

4. Regulatory Compliance: Include if extension requires regulatory notifications or approvals

5. Prior Extension Reference: Include if this is not the first extension of the agreement

What schedules should be included in a Extension Letter?

1. Updated Commercial Terms: If any commercial terms are being modified as part of the extension

2. List of Agreements: If multiple agreements are being extended simultaneously

3. Regulatory Approvals: Copies of any required regulatory approvals for the extension

4. Updated Timeline: If the extension affects project milestones or delivery schedules

Authors

Alex Denne

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

Jurisdiction

Switzerland

Document Type

Service Letter

Cost

Free to use

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