A legally binding agreement that extends the term of an existing contract between two parties
A Contract Extension Agreement is a legal document that outlines the terms and conditions of extending a previously established contract. It defines the new timeline for the extended contract, any modifications to the original agreement, and any additional terms and conditions that may be applicable. This agreement is important to ensure all parties involved are aware of their obligations and responsibilities during the extended period. It is recommended to have this agreement drafted by a legal professional to ensure its validity.