EXTENSION OF AGREEMENT made by and between ____________________, (First Party) and _____________________, (Second Party) said contract being dated _______________, 20 __(Agreement).
Wherein said agreement expires on ______ 20 _, and the parties desire to extend and continue said contract; it is provided that said contract shall be extended for an additional term of (------------) years, commencing upon the expiration of the original term and expiring on ___, 20 _.
This extension shall be on the same terms and conditions as contained in the original agreement and as if set forth herein excepting that:
(Describe changed or any new terms.)
Waiver Of Contractual Right. The failure of either party to enforce any provision of this Agreement shall not be construed as a waiver or limitation of that party's right to subsequently enforce and compel strict compliance with every provision of this Agreement.
No Representations. Neither party has made any representations nor promises, other than those contained in this agreement or in some further writing signed by the party making the representation or promise.
Further Assurances. In connection with this Agreement and the transactions contemplated hereby, each party to this Agreement will execute and deliver any additional documents and perform any additional acts that may be necessary or appropriate to effectuate and perform its obligations under this Agreement and the transactions contemplated hereby.
Transfer Of Rights. This Agreement shall be binding on any successors of the parties.
Applicable Law. This Agreement shall be governed by the laws of the State of ________.
Executed on the day and date first above written, at _______________.
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