Sample Letter to Extend Agreement
When entering into agreements, it is essential to have a time frame for the terms of the agreement. However, there may be instances where you would want to extend the agreement to allow more time for the parties to fulfill their obligations. In such cases, it is necessary to write a letter to extend the agreement, clearly stating your intention to do so.
Here is a sample letter to extend an agreement:
[Your Name]
[Your Address]
[City, State Zip Code]
[Date]
[Recipient Name]
[Recipient Address]
[City, State Zip Code]
Dear [Recipient Name],
I am writing this letter in reference to our agreement dated [date of the agreement], which is set to expire on [date of the agreement`s expiry]. I would like to request an extension of this agreement for a further [length of time needed for the extension], to allow more time for the parties to fulfill their obligations.
I believe that extending the agreement will be beneficial to both parties, as it will provide additional time to ensure the terms of the agreement are met and will avoid any breach of the agreement. During this extension period, I will continue to fulfill my obligations under the original agreement.
To confirm my desire to extend the agreement, I have enclosed a copy of the original agreement with this letter, showing the changes required for the extension. Please review and sign the agreement, indicating your acceptance of the extension`s terms.
If you have any questions regarding the extension proposal, please do not hesitate to contact me. I look forward to working with you to extend our agreement.
Sincerely,
[Your Name]
In writing these letters, it is crucial to be clear and concise, explaining why the extension is necessary and outlining the changes in terms that the extension will require. Sending a well-written and formal letter can help strengthen the relationship between the parties involved and ensure that the agreement remains intact.