Letter Requesting Extension or Renewal of a Contract - Word & PDF Template Form Pro · IN-law

________

(hereinafter referred to as the "Sender")

Registered Office: ________

CIN / Registration No.: ________

GSTIN: ________

Attention: ________

Designation: ________

To,

________

(hereinafter referred to as the "Recipient")

Registered Office: ________

CIN / Registration No.: ________

Attention: ________

Dated: ________

Place: ________

Mode of Delivery: ________

Re: Letter Requesting Extension of the Term of the Contract titled "________"

Respected Sir/Madam,

§ 1. Reference

1.1 We refer to the agreement titled "________" dated ________ executed by and between the Sender and the Recipient (the "Existing Contract"), a true copy of which is annexed hereto and marked as Annexure-A.

1.2 We further refer to the discussion held between the authorised representatives of the parties on ________, during which the Recipient indicated its agreement, in principle, to the extension of the term of the Existing Contract.

§ 2. Request for Extension

2.1 The term of the Existing Contract is scheduled to expire on ________.

2.2 Pursuant to and in accordance with Clause ________ (Renewal/Extension) of the Existing Contract and Section 62 of the Indian Contract Act, 1872, we hereby request and propose to extend the term of the Existing Contract for a further period of ________, with effect from ________ and ending on ________ (the "Extended Term").

§ 3. Terms During the Extended Term

3.1 Save and except for the variation in the term as set out in § 2 above and the revised consideration of ________ (if any), all other terms, conditions, covenants, rights and obligations contained in the Existing Contract shall remain unaltered, in full force and effect, and shall continue to bind the parties during the Extended Term.

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3.3 In the event of any conflict between the terms of this letter and the Existing Contract in relation to the term of the agreement, the terms of this letter shall prevail to the extent of such conflict.

§ 4. Stamp Duty

4.1 Any stamp duty payable on this letter of extension/amendment under the Indian Stamp Act, 1899 or the applicable State Stamp legislation shall be borne by ________.

§ 5. Confirmation and Communication

5.1 We request the Recipient to kindly confirm its acceptance of the proposed extension by countersigning the duplicate copy of this letter in the space provided herein below and returning the same to the Sender on or before ________.

5.2 Should you require any further information or clarification, please contact us at the following email address: ________ or telephone: ________.

§ 6. Governing Law and Jurisdiction

6.1 This letter and the proposed extension shall be governed by and construed in accordance with the laws of India, and the courts at ________ shall have exclusive jurisdiction, subject to the dispute resolution mechanism, if any, contained in the Existing Contract.

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Yours faithfully,

For and on behalf of ________

_______________________

Name: ________

Designation: ________

(Duly authorised vide Board Resolution dated ________)

CONFIRMATION AND ACCEPTANCE BY THE RECIPIENT

We hereby confirm, accept and agree to the extension of the term of the Existing Contract on the terms set out in this letter.

For and on behalf of ________

_______________________

Name: ________

Designation: ________

Date: ________

Place: ________

Attachments:

Annexure-A – True copy of the Existing Contract dated ________.