Performance Contract For Heads Of Institutions

• Category: Contracts - Extensions
• State: Multi-State
• Control #: US-01775BG
• Format: Word

Description

The Performance Contract for Heads of Institutions is a legal document that outlines the mutual agreements between two parties, typically a head of an institution and another entity, to extend the performance date of an existing contract. Key features of this form include terms for extending the completion date, stipulations regarding notices, and provisions for attorney's fees in the event of legal disputes. Users must fill in the names, addresses, completion dates, and governing law relevant to their agreement. It is essential that both parties sign the document for it to become binding. The form ensures that all modifications are documented in writing, which provides clarity and protection for both parties. This document is particularly useful for attorneys, partners, owners, and associates involved in contract negotiations, as it allows for formal adjustments to existing agreements while ensuring that all parties are clear on the terms. Paralegals and legal assistants will also find this form beneficial for record-keeping and ensuring compliance with legal standards, thus aiding in efficient contract management.