What is a Sample Extension Agreement?

A sample extension agreement is a contract that allows two or more parties to extend the duration of a previously agreed-upon agreement. This type of agreement is especially useful when a business needs more time to complete a project or when a buyer needs additional time to pay for a product or service. It can also be used to extend the period of time during which a certain product or service is provided.

Types of Sample Extension Agreements

Sample extension agreements come in many forms, depending on the terms of the original agreement. Some common types of sample extension agreements include:

• Extensions of time: This type of agreement allows both parties to extend the duration of the original agreement without changing any of its terms.
• Extensions of scope: This type of agreement allows the parties to expand the range of products or services that are covered by the original agreement.
• Extensions of price: This type of agreement allows the parties to adjust the price of the products or services that are covered by the original agreement.

Sample Extension Agreement Examples

Below are three examples of sample extension agreements. These examples are for illustrative purposes only and should not be considered legal advice.

Example 1: Extension of Time

This sample extension agreement is between [Party A] and [Party B] and is dated [date]. The parties agree to extend the duration of their existing agreement by [number] days, until [date]. All other terms and conditions of the existing agreement remain in effect.

Example 2: Extension of Scope

This sample extension agreement is between [Party A] and [Party B] and is dated [date]. The parties agree to expand the scope of their existing agreement to include [additional products or services] for [number] days, until [date]. All other terms and conditions of the existing agreement remain in effect.

Example 3: Extension of Price

This sample extension agreement is between [Party A] and [Party B] and is dated [date]. The parties agree to adjust the price of the products or services covered by their existing agreement to [new price] for [number] days, until [date]. All other terms and conditions of the existing agreement remain in effect.

Conclusion

Sample extension agreements are a useful tool for businesses and individuals who need to extend the duration of an existing agreement. As with any contract, it is important to understand the terms and conditions of the agreement before signing. Additionally, it is important to consult with an attorney or legal professional before entering into any contractual agreement.