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Amendment To Extend Term Of Agreement

Amendment To Extend Term Of Agreement for Singapore

Amendment To Extend Term Of Agreement Template for Singapore

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Amendment To Extend Term Of Agreement

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What is a Amendment To Extend Term Of Agreement?

An Amendment To Extend Term Of Agreement is commonly used when parties wish to continue their existing contractual relationship beyond the original termination date. This document, governed by Singapore law, provides a formal mechanism to extend the duration while preserving the original agreement's terms and conditions. It's particularly useful when the original agreement is working well but approaching its end date, avoiding the need to negotiate and draft an entirely new agreement. The amendment typically includes reference to the original agreement, specific extension period, and confirmation of continuing terms.

What sections should be included in a Amendment To Extend Term Of Agreement?

1. Parties: Identification of all parties to the original agreement and amendment

2. Background: Reference to original agreement and reason for extension

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

4. Extension of Term: Specific provision extending the term, including new end date

5. Confirmation of Other Terms: Confirmation that all other terms of original agreement remain in force

6. Execution: Signature blocks and execution formalities

What sections are optional to include in a Amendment To Extend Term Of Agreement?

1. Additional Modifications: When parties wish to make additional changes beyond term extension

2. Conditions Precedent: When extension is subject to specific conditions that must be met before extension takes effect

3. Regulatory Compliance: When industry-specific regulations apply and need to be addressed

What schedules should be included in a Amendment To Extend Term Of Agreement?

1. Original Agreement: Copy of the agreement being amended

2. Previous Amendments: Copies of any prior amendments to the original agreement

3. Required Approvals: Copies of any regulatory or third-party approvals required for extension

Authors

Alex Denne

Head of Growth (Open Source Law) @ ΊμΠΣΦ±²₯ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions











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Industries

Contract Act (Cap. 53): Primary legislation governing contract formation, modification, and enforcement in Singapore, including principles for contract amendments and consideration requirements

Limitation Act (Cap. 163): Governs statutory limitation periods and time limits for contract enforcement, which must be considered when extending contract terms

Electronic Transactions Act (Cap. 88): Regulates electronic transactions, signatures, and records if the amendment is to be executed electronically

Stamp Duties Act (Cap. 312): Determines whether stamp duty is applicable to the amendment, including timing requirements and duty rates

Industry-Specific Regulations: Relevant regulatory framework depending on the subject matter of the original agreement, including any required approvals for term extensions

Civil Law Act (Cap. 43): Contains general provisions affecting contracts and formal requirements for contract validity in Singapore

Common Law Principles: Relevant case law and principles regarding contract modifications, particularly concerning the doctrine of consideration for amendments

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, Β Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination, Β Severance Pay, Governing Law, Entire Agreemen

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