Extension or Renegotiation Clause Samples

The Extension or Renegotiation clause allows the parties to modify the duration or terms of an existing agreement, either by extending its period or by altering specific provisions. In practice, this clause typically outlines the process for requesting an extension or initiating renegotiation, such as requiring written notice within a certain timeframe or specifying which terms may be subject to change. Its core function is to provide flexibility, enabling the parties to adapt the contract to changing circumstances without needing to draft an entirely new agreement.
Extension or Renegotiation. The parties hereto agree that at any time prior to the expiration of this Agreement, they may extend or renegotiate this Agreement upon mutually agreeable terms and conditions.
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Extension or Renegotiation. The parties hereto agree that at any time prior to the expiration of this Agreement, they may extend or renegotiate this Agreement upon mutually agreeable terms and conditions. The parties acknowledge that Employee is also the Landlord for the Company's operations in Girard, OH. If at anytime, or for any reason, it becomes necessary for Company to leave the demised premises, it will trigger an increase of compensation under paragraph 3.01 from $18,000 per year to $42,000 per year only for the duration of the Agreement.
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Related to Extension or Renegotiation

  • Modification or Renegotiation This agreement may be modified only by written agreement signed by the parties hereto. The parties agree to renegotiate the agreement if federal and/or state revisions of any applicable laws or regulations make changes in this agreement necessary.

  • Renewal, Extension or Rearrangement All provisions of this Agreement relating to Obligations shall apply with equal force and effect to each and all promissory notes executed hereafter which in whole or in part represent a renewal, extension for any period, increase, or rearrangement of any part of the Obligations originally represented by any part of such other Obligations.

  • Renegotiation The contract may be renegotiated at any time by the parties, based upon appropriate and reasonable changes in circumstances upon which the original terms of the contract were based.

  • Extension Time limits specified in this Agreement may be extended by mutual agreement.

  • Extension; Waiver At any time prior to the Effective Time any party hereto may, to the extent legally allowed, (i) extend the time for the performance of any of the obligations or other acts of the other parties hereto, (ii) waive any inaccuracies in the representations and warranties made to such party contained herein or in any document delivered pursuant hereto and (iii) waive compliance with any of the agreements or conditions for the benefit of such party contained herein. Any agreement on the part of a party hereto to any such extension or waiver shall be valid only if set forth in an instrument in writing signed on behalf of such party.