Letter – Contract Term Extension (Unilateral)
This Contract Term Extension Letter (Unilateral) is designed for use by a party to a commercial contract who wishes to extend the term of that contract in accordance with their right to do so thereunder.
Under this version of the letter, the party wishing to extend may do so simply by giving the other party notice. No discussion or further agreement is necessary. Please note that it is important to ensure that the terms of the contract in question permit such unilateral extension.
Alternative versions are available for discussion and agreement in a face-to-face meeting and for extension agreed by exchange of letters without a meeting.
Optional phrases / clauses are enclosed in square brackets. These should be read carefully and selected so as to be compatible with one another. Unused options should be removed from the document.
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