Extended Date for Performance
What is this form?
The Extended Date for Performance form is a legal document used to amend an existing contract by extending the timeframe for performance obligations. This modification allows for additional time as agreed upon by both the Owner and the Contractor, ensuring that the primary purpose of the contract remains intact. Unlike a new contract, this form serves solely as an amendment to the original agreement, known in legal terms as a contract modification or amendment.
Main sections of this form
- Parties involved: Details the names and addresses of the Owner and Contractor.
- Original contract date: Specifies the date when the original contract was executed.
- Performance date: Indicates the original deadline for performance under the contract.
- New performance date: States the extended deadline agreed upon by the parties.
- Signatures: Requires signatures from both parties to validate the agreement.
When this form is needed
This form is typically used when the Contractor is unable to meet the original performance date due to unforeseen circumstances, such as delays in material supply or labor shortages. It is essential when both parties mutually agree on extending the deadline without altering the contract's terms significantly.
Who should use this form
- Owners who have a contractual relationship with a Contractor and need to grant an extension.
- Contractors who require additional time to fulfill their obligations as outlined in the contract.
- Both parties involved in a construction or service contract that necessitates a performance extension.
How to complete this form
- Identify the parties: Enter the names and addresses of both the Owner and Contractor.
- Specify the original and new performance dates: Clearly indicate the dates in the designated fields.
- Review the contract reference: Ensure the original contract date is correctly noted and attached as an exhibit.
- Obtain signatures: Have both the Contractor and Owner sign and print their names at the end of the form.
- Keep a copy: Retain a copy of the signed form for both parties' records.
Does this document require notarization?
This form does not typically require notarization unless specified by local law. However, having the signatures notarized can enhance the authenticity of the document and prevent future disputes.
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Make edits, fill in missing information, and update formatting in US Legal Forms—just like you would in MS Word.
Download a copy, print it, send it by email, or mail it via USPS—whatever works best for your next step.
Sign and collect signatures with our SignNow integration. Send to multiple recipients, set reminders, and more. Go Premium to unlock E-Sign.
If this form requires notarization, complete it online through a secure video call—no need to meet a notary in person or wait for an appointment.
We protect your documents and personal data by following strict security and privacy standards.
Mistakes to watch out for
- Failing to properly identify the parties involved can lead to confusion or disputes.
- Not including the original contract as an exhibit, which can cause issues with enforceability.
- Leaving the new performance date blank or unclear, which undermines the purpose of the form.
- Signing the form without reviewing the changes, potentially leading to misunderstandings.
Why complete this form online
- Convenience: Easily download and complete the form at your own pace.
- Editability: Customize the form fields to fit your specific needs without hassle.
- Reliability: Ensure you have a legally-sound document drafted with the assistance of licensed professionals.
Main things to remember
- The Extended Date for Performance form modifies the original contract by extending the performance date.
- It's crucial for both parties to understand and agree to the new deadline.
- Ensure all necessary information is accurately filled out and signatures are obtained to ensure enforceability.
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FAQ
Unless the statute of frauds applies, contracts that include such clauses can still be modified orally.If the statute of frauds applies, a written agreement or a written modification is always required. Logic suggests that parties should be able to agree that their contract can only be modified by a writing.
A contract modification is any written change in the terms of the contract. A contract cannot be changed verbally. It must be in writing.
Without the requirement of consideration, a party to a contract could declare that the contract should be modified or canceled whenever such a demand was advantageous. In contracts between merchants, a modification need not be supported by consideration.
Contract modification refers to mutually agreed changes or alterations made to a contract. A contract modification may introduce or cancel specifications or terms of an existing contract, while leaving its overall purpose and effect intact. Contract modification is also called contract amendment.
Minor modifications to a contract can be handwritten onto the document. Clearly write the changes, and sign your initials next to each change, before signing the entire document. If the other party agrees to the changes, the other party will also initial the changes and sign the document.
Minor modifications to a contract can be handwritten onto the document. Clearly write the changes, and sign your initials next to each change, before signing the entire document. If the other party agrees to the changes, the other party will also initial the changes and sign the document.
You can use a contract amendment letter to list the changes to the original document and have both parties sign. You can create a contract amendment created from a template or from a legal services provider. You can add amendment pagesdigital or printto the end of the original signed contract.
