Fairfax Virginia Extended Date for Performance

• Category: Contracts - Extensions
• State: Multi-State
• County: Fairfax
• Control #: US-02969BG
• Format: Word; Rich Text

Description

This is basically a modification of the original contract. Modification is written change made to a contract. It may be unilateral in accordance with the changes clause in the contract or bilateral. Modification may introduce or cancel specifications or terms of a contract without effecting the purpose of the contract. Unilateral modifications are changed usually through a modification order and mutually agreed change is made by a supplemental agreement. It is also called contract amendment or modification of a contract. Fairfax Virginia Extended Date for Performance refers to the provision that allows parties involved in a contract or agreement in Fairfax, Virginia to extend the deadline for performance or the completion of obligations stated in the contract. This extension is agreed upon by all parties involved to provide additional time to fulfill the agreed-upon terms due to various circumstances. In Fairfax, Virginia, there are mainly two types of Extended Date for Performance: 1. Official Extension: This refers to the situation when the parties involved formally agree to extend the performance deadline by executing an amendment or an addendum to the original contract. The official extension grants legal recognition to the new deadline and ensures all parties are bound by it. This type of extension is often utilized when unforeseen events, such as natural disasters, financial difficulties, or changes in requirements, make it impracticable to meet the original deadline. 2. Informal Extension: Sometimes, parties informally agree to extend the performance deadline without executing any official documents. In such cases, the extension can be agreed upon verbally or through informal written communication like emails or memos. This type of extension is suitable for less complex contracts or agreements, or when the parties have a strong level of trust and understanding between them. When applying for an extended date for performance in Fairfax, Virginia, it is essential to consider the following keywords: — Extensiodeadlinein— - Performance extension agreement — Extended date focompletionio— - Fairfax, Virginia contract extension — Official amendment/addendum to contract — Informal agreement foextensionio— - Legal recognition of extended performance date — Unforeseen circumstance— - Variations in contract requirements — Officially approved deadline extension By using these relevant keywords, one can clearly understand the concept of Fairfax Virginia Extended Date for Performance and the different types it encompasses.

Fairfax Virginia Extended Date for Performance refers to the provision that allows parties involved in a contract or agreement in Fairfax, Virginia to extend the deadline for performance or the completion of obligations stated in the contract. This extension is agreed upon by all parties involved to provide additional time to fulfill the agreed-upon terms due to various circumstances. In Fairfax, Virginia, there are mainly two types of Extended Date for Performance: 1. Official Extension: This refers to the situation when the parties involved formally agree to extend the performance deadline by executing an amendment or an addendum to the original contract. The official extension grants legal recognition to the new deadline and ensures all parties are bound by it. This type of extension is often utilized when unforeseen events, such as natural disasters, financial difficulties, or changes in requirements, make it impracticable to meet the original deadline. 2. Informal Extension: Sometimes, parties informally agree to extend the performance deadline without executing any official documents. In such cases, the extension can be agreed upon verbally or through informal written communication like emails or memos. This type of extension is suitable for less complex contracts or agreements, or when the parties have a strong level of trust and understanding between them. When applying for an extended date for performance in Fairfax, Virginia, it is essential to consider the following keywords: — Extensiodeadlinein— - Performance extension agreement — Extended date focompletionio— - Fairfax, Virginia contract extension — Official amendment/addendum to contract — Informal agreement foextensionio— - Legal recognition of extended performance date — Unforeseen circumstance— - Variations in contract requirements — Officially approved deadline extension By using these relevant keywords, one can clearly understand the concept of Fairfax Virginia Extended Date for Performance and the different types it encompasses.