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Amendment To Extend Term Of Agreement Template for Ireland

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Key Requirements PROMPT example:

Amendment To Extend Term Of Agreement

"I need an Amendment to Extend Term of Agreement for our software licensing contract with TechCorp Limited, extending the current term by 24 months from January 1, 2025, with all other terms remaining the same under Irish law."

Document background
The Amendment To Extend Term Of Agreement is a crucial document used when parties wish to continue their contractual relationship beyond the originally agreed term. This type of amendment is common in Irish business practice and is used across various sectors when parties have an existing agreement that is approaching its end date but wish to maintain their business relationship under the same terms and conditions. The document must comply with Irish contract law requirements and typically includes references to the original agreement, clear specification of the new term, and confirmation that all other terms remain in force. It's particularly important in long-term commercial relationships where continuous service or supply is critical, and where negotiating an entirely new agreement would be unnecessary and inefficient.
Suggested Sections

1. Parties: Identification of all parties to the original agreement and confirmation that they remain the same for this amendment

2. Background: References to the original agreement, its date, and any previous amendments; states the parties' desire to extend the term

3. Definitions: Key terms used in the amendment, including reference to definitions in the original agreement

4. Extension of Term: Clear statement of the new term duration, including specific start and end dates

5. Confirmation of Other Terms: Affirmation that all other terms and conditions of the original agreement remain in full force and effect

6. Governing Law: Confirmation that the amendment is governed by Irish law, consistent with the original agreement

7. Execution: Signature blocks for all parties, including date of signing

Optional Sections

1. Additional Modifications: Used when parties wish to make other minor changes to the agreement alongside the term extension

2. Consideration: Include when there is a specific exchange of value for the extension

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

4. Notice Details: Include if there are any changes to the parties' contact information

5. Regulatory Compliance: Include when the extension triggers any regulatory notification or compliance requirements

Suggested Schedules

1. Schedule 1 - Original Agreement: Copy of the original agreement being amended

2. Schedule 2 - Previous Amendments: Copies of any previous amendments to the original agreement

3. Schedule 3 - New Term Details: Used for complex term extensions with multiple dates or phases

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈ˰æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions














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Relevant Industries

Technology and Software

Real Estate and Property

Financial Services

Manufacturing

Professional Services

Healthcare

Retail and Consumer Goods

Telecommunications

Energy and Utilities

Construction

Education

Transportation and Logistics

Relevant Teams

Legal

Procurement

Commercial

Operations

Finance

Compliance

Risk Management

Business Development

Contract Administration

Corporate Secretariat

Relevant Roles

Legal Counsel

Contract Manager

Commercial Director

Chief Executive Officer

Chief Financial Officer

Procurement Manager

Business Development Manager

Operations Director

Company Secretary

Risk Manager

Compliance Officer

Project Manager

Account Manager

General Manager

Legal Administrator

Industries





Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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