Extension Agreement India

The document may begin with an introduction with the following details: Date: The date of registration of the renewal agreement must be displayed. Both parties must ensure that they are aware that the extension does not exempt them from their pre-agreed terms of delivery or from their obligations to be met by them in a particular case. The answer to the following questions must be clearly defined before the extension is written: a) What should be the extended period? b) Are there any new benefit obligations that need to be added? c) Is the reason for this extension clear enough? (d) Will the extended period be fixed or will it continue indefinitely? e) Are there new milestones/goals to be achieved? (f) Are there any other changes to the previously agreed terms? (g) Are there inconsistencies/disabilities between the renewal contract and the original terms of the contract? It may be mentioned that the extension agreement and the initial annexed agreement constitute the whole agreement between the parties. There would be no need to develop a new agreement in the event of an extension agreement, which will be developed and signed by both parties. The undertaking to extend the period reserves the right to claim liquidated damages for the extended period. In the case of Ratilal/Dalmia Cement and Paper Marketing Co., Ltd.[12] it has been established that a party may, at the request of the other party, forego delivery at the time of the contract and extend the time limit without committing to it, or expressly request an extension of time allowing it to participate in damages. Therefore, the conclusion that emerges from the aforementioned statutory provisions and jurisprudence is that the extension of the contract term does not mean that time is no longer essentially contract if the spokesperson is not able to complete the work within the agreed time frame, then the promised may, at the request of the professional, extend the duration of the contract on the condition of the imposition of liquidated damages. And that the imposition of liquidated damage for the extension period, since time remains essentially of the contract, is perfectly legal and valid.——————————————————————————–[1] s 2 (h) of the Indian Contract Act, 1872. [2] A.