Extension Agreement Templates – 10 Free Sample Templates

When a client feels that he had a good relationship with a contractor and he provided him with the services that he required, the client has the option to extend the contract with the services provider so that he can continue providing him with his services and they can continue their professional relationship for another period of time i.e. 6 months or 1 year. In order to allow the continuity of the services from the contractor, the client has to extend the contract. This is where extension of an agreement comes handy. With this extension, the client and the contractor can continue their business together without worrying about the expiration of the agreement.

Brief Description of Extension of an Agreement:

When it comes to contracts and agreements between two companies or a client and a contractor, these agreements are mostly short terms deals which means after a specific period of time, the agreement expires and the contractor is no longer obligated to the responsibilities and duties explained in the agreement. At the end of an agreement between a client and the contractor, if the client realizes that the contractor worked very good and provided him with the services that he required from him, the client usually wants to save a lot of trouble and effort with going with a new contractor and he prefers to just extend the agreement of the existing contractor. When they both agree on the terms and conditions of the extension of the agreement, it is usually done with a simple document on which the client gives reference to a previous signed agreement and states that he is extending that agreement with the same terms and conditions as before.

Difference between Extension and Renewal of an Agreement:

Usually people don’t understand that when your agent tells you to extend or renew an agreement, it’s never the same thing. If you want to go with the extension, you should understand that with the extension, you can’t negotiate on the terms and conditions as you will be asked to obligate to the previously written and signed clauses as the previously agreement. On the other hand, when we talk about renewal, this is an entire different story. With the renewal, both the parties that are involved in the deal have the power to negotiate the terms and change whatever they want. For example, with the extension, the contractor has to agree to supply the material or provide the services on the same rate/price as before but with renewal of the agreement, the contractor can ask the client for higher rates if the market price is raised or he can stick with the same rate if the market dropped.

Key Elements to include in the Extension of an Agreement:

  • Name of the client/company who hired the contractor with complete address
  • Name of the contractor with his company name and complete address
  • Date on which the previous agreement was signed
  • Date on which the extension of the agreement is being signed
  • Reference to the previously signed agreement
  • Precise statement from both the parties that they agree to extend the agreement on the same terms and conditions as before
  • Signature of parties that are involved in the agreement

Sample Extension Agreement Templates

Here is preview of Extension Agreement Template From officetemplates.org,

Here is download link for this Extension Agreement Template,

Sample Extension Agreement Templates

Here is preview of Extension Agreement Template in MS Word Format,

Here is download link for this Extension Agreement Template,

Sample Extension Agreement Templates

Here is preview of Extension Agreement Template in MS Word Format,

Here is download link for this Extension Agreement Template,

Sample Extension Agreement Templates

Here is preview of Extension Agreement Template in MS Word Format,

Here is download link for this Extension Agreement Template,

Sample Extension Agreement Templates

Here is preview of Extension Agreement Template in MS Word Format,

Here is download link for this Extension Agreement Template,

Sample Extension Agreement Templates

Here is preview of Extension Agreement Template in MS Word Format,

Here is download link for this Extension Agreement Template,

Sample Extension Agreement Templates

Here is preview of Extension Agreement Template in MS Word Format,

Here is download link for this Extension Agreement Template,

Sample Extension Agreement Templates

Here is preview of Extension Agreement Template in MS Word Format,

Here is download link for this Extension Agreement Template,

Sample Extension Agreement Templates

Here is preview of Extension Agreement Template in MS Word Format,

Here is download link for this Extension Agreement Template,

Sample Extension Agreement Templates

Here is preview of Extension Agreement Template in MS Word Format,

Here is download link for this Extension Agreement Template,

Posted in: Agreement Templates

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