NOTE: This letter-agreement to renew is applicable in cases wherein
the only modification is the contract period.
(date)
(name of addressee) (name of company) (complete address)
Re: Letter-Agreement to Renew the _________
Agreement/Contract dated _________, between ______________ and____________, Inc. (“Agreement”)
Dear ____________________:
We refer to the ___ Agreement/Contract dated _________ between
________________ and____________ (“Agreement/Contract”) which (will expire/ expired) on _________________.
Further to the terms of the ___ Agreement/Contract dated _________
and notwithstanding anything therein to the contrary, the Parties hereby agree as follows:
1. The term of the (Agreement/Contract) shall be extended for a
period of ____ (years/months) commencing from _______ (“Effective Date”) until _______________.
2. The Agreement, together with this letter agreement shall, as of
the Effective Date, be read and construed as a single integrated document, incorporating the amendments thereto as set forth in this letter agreement.
3. All the provisions, covenants, warranties, representations and
undertakings set forth in the Agreement, except only to the extent as may be inconsistent with and/or as may have been modified by this letter agreement, shall remain in full force and effect and shall continue to bind the Parties.
4. This letter agreement shall be governed by and construed under
the laws of the Republic of the Philippines. 5. Should you be amenable to the terms of this letter agreement, please indicate your approval and conformity thereto by signing on the space provided below. Thereupon, the Agreement, together with this letter agreement, shall on the Effective Date be considered our valid and binding agreement, enforceable in accordance with their collective terms.