Extension Clause
/ɪkˈstɛnʃən klɔːz/
Definitions
- (n.) A contractual provision allowing a party to extend the duration or deadline of an agreement under specified conditions.
The extension clause permitted the lessee to prolong the lease term by an additional year.
- (n.) A clause enabling the extension of rights, options, or obligations beyond the originally agreed period.
The purchase option included an extension clause that allowed the buyer to defer closing.
Forms
- extension clause
- extension clauses
Related terms
See also
Commentary
Extension clauses require precise drafting to define conditions and limits to prevent disputes over permissible extensions.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.