Addendum (contract extension)

Continue an arrangement: preserving the stability and continuity of a productive contractual partnership.

Avoid complex negotiations: opting for the extension of the existing term mitigates the need to commence negotiations for a new contract, thereby conserving time and resources.

Have flexibility: the additional agreement provides a framework for the adjustment of terms and conditions of the main contract, accommodating alterations in circumstances or the evolving requirements of the parties.

Implement fast solutions: this addendum expedites the process of renewing a contract when the parties are in agreement.

If the contract to be extended was concluded in a certain form or was registered with any public authority to fulfill a legal obligation, then it is likely that such formalities will also be necessary for the conclusion of the additional act for the extension of the contractual term.

This is the case for authentic contracts (signed at the notary public) or those registered with the tax authorities.

Why? In law, the principle of symmetry works, according to which the formalities used to conclude a contract or other legal document must also be used to modify or terminate it. If you are not convinced that such requirements apply to your case, we suggest you schedule a legal consultation to get quick answers to your dilemma.