The Agreement To Amend Extend Contract is essential when parties need to modify or extend their existing contractual relationship while maintaining the fundamental structure of their original agreement. This document is commonly used in U.S. business transactions when circumstances change, requiring adjustments to contract duration, terms, or conditions. It ensures compliance with federal and state contract laws, includes specific reference to the original agreement, clearly outlines modifications, and maintains proper consideration requirements under U.S. contract law.
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1. Parties: Identification of all parties to the original contract and amendment
2. Background: Reference to original contract and reason for amendment/extension
3. Definitions: Key terms used in the amendment agreement
4. Amendment Details: Specific changes being made to the original contract
5. Extension Terms: New duration of the contract if applicable
6. Confirmation of Other Terms: Statement that all other terms remain unchanged
1. Additional Consideration: Details of any new consideration being provided - use when amendment includes changes to payment or other consideration
2. Representations and Warranties: New or updated representations - use when significant changes affect original representations
3. Conditions Precedent: Conditions that must be met before amendment takes effect - use when amendment is contingent on certain events
1. Schedule of Amended Clauses: Detailed list of specific clauses being modified
2. Updated Payment Schedule: Revised payment terms and schedule if payment terms are being modified
3. Original Contract: Copy of the original contract being amended as reference
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