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A contract extension is a common document that businesses use when they need to continue working with a contractor or employee beyond the original term of their agreement. If you`re in charge of drafting a contract extension letter, it`s important to make sure it`s written clearly, concisely, and in a professional tone.
Here`s a sample contract extension letter that you can use as a guide:
[City, State ZIP Code]
Dear [Contractor/Employee Name],
I am writing to discuss the extension of your current contract with [Company Name]. We have been more than pleased with your performance over the last [time period], and we would like to continue working with you to help achieve our business goals.
As such, we are offering you an extension of your current contract for an additional [time period]. This extension will start on [start date] and end on [end date]. During this time, you will continue to perform the same scope of work that was outlined in your original contract.
We are pleased to offer you a [percentage] increase in your hourly rate, as well as [additional benefits, such as a bonus, vacation days, or health insurance].
If you agree to this extension, please sign and return a copy of this letter to us no later than [deadline date]. If you have any questions or concerns, please do not hesitate to contact me at [phone number] or [email address].
Thank you for your hard work and dedication to our company. We look forward to continuing this successful partnership.
As you can see, this sample letter is straightforward and covers all of the necessary details, such as the start and end date of the extension, the rate increase, and any additional benefits being offered. By following this template, you can ensure that your contract extension letter is clear, concise, and professional.