Collin Texas Agreement to Extend Performance Date of Contract

State:
Multi-State
County:
Collin
Control #:
US-01775BG
Format:
Word
Instant download

Description

This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.

Collin Texas Agreement to Extend Performance Date of Contract is a legally binding document that allows parties involved in a contract to mutually agree to extend the performance date of the contract. This agreement ensures that both parties are aware of and acknowledge the need for additional time to fulfill their respective obligations as outlined in the original contract. In Collin County, Texas, there are different types of agreements to extend the performance date of contracts that can be used depending on the nature of the contract and the specific circumstances. Some of these agreements may include: 1. Collin Texas Agreement to Extend Performance Date of Construction Contract: This type of agreement is commonly used in the construction industry when unforeseen circumstances or delays occur, impacting the project schedule. It allows the involved parties, such as the contractor and the client, to mutually agree to extend the original performance date to accommodate these delays. 2. Collin Texas Agreement to Extend Performance Date of Lease Contract: This agreement is utilized when one or both parties involved in a lease contract require additional time to fulfill their obligations, such as the tenant requiring more time to vacate the premises or the landlord needing more time to prepare the property for the new tenant. 3. Collin Texas Agreement to Extend Performance Date of Service Contract: Service contracts often have specific timelines for completion of services, and this agreement is used when additional time is needed to meet those obligations. It allows the parties involved to extend the performance date without breaching the terms of the original contract. Regardless of the type of Collin Texas Agreement to Extend Performance Date of Contract, it is necessary to include essential details such as the names and contact information of the parties involved, the original contract details and obligations, the reason for the extension, the new performance date, and any additional terms or conditions that both parties should adhere to during the extension. By utilizing this agreement, the involved parties in Collin County, Texas, can address unforeseen circumstances or delays while maintaining transparency and avoiding disputes or legal ramifications that may arise from a failure to meet the original contract's performance date.

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FAQ

Once an agreement has expired, you can't revive it. In legal terms, it no longer exists. What you can do, however, is create a new document with a new term. If both parties agree to it, the start of the new term can be backdated so that there is no period of time in which they are not covered by the contract.

Extension normally refers to a lengthening of time for an existing contract. Renewal normally contemplates an entirely new contract. This can be a distinction without a difference in some situations, but in complicated contracts it can have legal consequences.

Period of performance means the time during which the non-Federal entity may incur new obligations to carry out the work authorized under the Federal award.

Once an agreement has expired, you can't revive it. In legal terms, it no longer exists. What you can do, however, is create a new document with a new term. If both parties agree to it, the start of the new term can be backdated so that there is no period of time in which they are not covered by the contract.

Extending During the Contract Period This is possible by amending the original document or voiding the first contract and creating a new one. This usually requires the services of a lawyer to accomplish validly with legal processes. However, extending during the current contract is possible in rare circumstances.

A contract extension is an agreement between the parties to an existing contract to extend the terms of that agreement for an additional period of time. The duration of the extension is specified in the extension agreement. In some cases, the extension does no more than extend the termination date of the contract.

Contract extension typically means an existing contract is continued for a period of time. Often, this will occur via the extension options in the contract. At the time a contract is extended, other terms might also be varied (such as pricing).

A contract extension agreement must contain: Names, addresses, and signatures of the contracting parties. Name, start date, and end date of the original contract. End date of the extension period. Changes to the contract including addition, removal, and deletion of the terms agreed upon in the original contract.

To extend the contract you have with a client, contractor, or vendor can be a great and easy way to continue a business relationship that is working well for all involved. This is where a contract extension agreement may come in, also known as a contract extension letter or an extension of contract agreement.

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Collin Texas Agreement to Extend Performance Date of Contract