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Extension Agreement India - BOOKBINDING STUDIO

Extension Agreement India

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? Send your article via our online form Click here Note we only accept original articles, we do not accept articles that have already been published on other websites. For more details, please contact: editor@legalserviceindia.com A valid renewal contract can be printed on the official header of one of the parties and signed by both parties. The more details are covered in the extension agreement, the less problems that arise from it. During the review, the entire document should be carefully reviewed to ensure that all necessary points regarding the agreement are fully covered, leaving no room for speculation. Assumptions generally lead to a number of problems in understanding and interpreting the document. It is therefore essential to guarantee their non-existence. Parties: Parties entering into the contract must be described with the full name, foundation details, headquarters/ordinary business addresses It is always useful to have more than one valid copy of a document, in this case, and this case is no different. It is advisable to have at least two signed copies of the agreement, one for each party, so that they can be mentioned upon request. Once these copies are signed, they are part of the original agreement and must be processed accordingly.

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.