Contract renewal annex template

Contract Renewal Annex

Contract no.: Contract number

Date: Contract date

Place: City of signing

Parties

First Party (First Party): First party name, CR / ID no. First party CR, national address: First party address, e-mail: First party e-mail, mobile: First party mobile, represented by First party signatory as First party signatory title.

Second Party (Second Party): Second party name, CR / ID / freelance document no. Second party CR, VAT no.: Second party VAT no., national address: Second party address, e-mail: Second party e-mail, mobile: Second party mobile, represented by Second party signatory as Second party signatory title.

Article 1: Recitals and definitions

1.1 Whereas the parties have the original contract below, and wish to renew it before or at its end, they agree as follows.

1.2 The recitals and schedules form an integral part of this Contract and are read with it. In a conflict, this Contract prevails, then the schedules in numerical order.

1.3 "Business Day" means any day other than Friday, Saturday and an official holiday in the Kingdom of Saudi Arabia. "Laws" means the laws and regulations in force in the Kingdom.

1.4 Each party confirms that it has legal capacity to contract, that its signatory is authorised, and that entering into this Contract breaches no other obligation binding on it.

Article 2: The original contract

| Item | Details |

| --- | --- |

| Contract type and no. | Original contract type and no. |

| Date | Original contract date |

| Current term | Original contract term |

| Documentation | Documentation no. |

2.1 The parties confirm that the original contract is valid and in force until the date of this annex, that they are its parties or lawful successors, and that this annex is no novation unless stated.

2.2 Terms in this annex have the meanings in the original contract unless the context requires otherwise.

Article 3: Renewal

3.1 The original contract is renewed for Renewal term, from Renewal start to Renewal end, on the same terms, unless this annex changes any.

| Item | Before renewal | After renewal |

| --- | --- | --- |

| Price or rent | Price before renewal | Price after renewal |

| Payment method | Payment before renewal | Payment after renewal |

| Scope | Scope before renewal | Scope after renewal |

3.2 Later renewal: Automatic, subject to notice ... / only by a written annex.

Article 4: Rules specific to renewal

4.1 The parties confirm that all that fell due until the end of the previous term is settled, or that what remains is: Prior period dues, payable within Dues settlement time days. The earlier debt does not rise because of this renewal.

4.2 For leases, the Regulatory Provisions governing the landlord and tenant relationship apply to increases and renewal where in scope. For employment, renewal does not reduce service counted to date, and there is no new probation. Once documented, the platform prevails on mandatory matters.

4.3 Earlier guarantees and security continue for the renewal only if the guarantor agrees in writing: Guarantor consent.

Article 5: Relation to the original contract

5.1 All other terms of the original contract stay in force unchanged unless this annex expressly departs from them. In a conflict, the later text prevails.

5.2 This annex forms part of the original contract and is subject to its terms on notices, confidentiality and disputes; no earlier right lapses unless stated.

5.3 This annex binds a guarantor or third party to the original contract only with its consent if it increases its obligation: Third party consent.

Article 6: Representations and warranties

6.1 The First Party and the Second Party each confirm the following at signing, and shall tell the other at once if any of it changes:

• the details and documents it has provided are true and complete on everything affecting the other's decision, and it has hidden nothing it knows to be material.

• no claim, seizure, disposal ban, bankruptcy or legal bar prevents performance of this Contract.

• the source of funds and purpose of contracting are lawful, and this Contract is no cover for any prohibited dealing.

• it holds the licences, approvals and legal capacity needed to sign and perform this Contract, and will keep them valid throughout.

6.2 An untrue material statement is a breach of this Contract, subject to its terms and the Civil Transactions Law; deliberately misleading information is deceit that allows annulment and compensation to be sought.

Article 7: Breach and its effects

7.1 A breach notice is in writing, states the obligation breached, what is needed to cure it and a reasonable time of at least 15 days, unless this Contract sets another period. No notice is needed if cure is impossible or the party at fault has said it will not perform.

7.2 Each party may withhold its corresponding obligation that has fallen due if the other has not performed its own, unless that would run against good faith or the failure is minor, under the Civil Transactions Law.

7.3 The injured party shall make reasonable efforts to limit its loss and is not compensated for what it could have avoided. Compensation follows proved loss. Nothing is charged as compensation or increase merely for lateness in paying a sum of money, and the actual costs awarded by the competent authority may be claimed.

7.4 On termination the parties are restored as far as possible, each answering for what it actually benefited from. This Contract does not affect statutory limitation periods or the terms that survive its end by their nature.

Article 8: Documents, correspondence and proof

8.1 Each party keeps a copy of this Contract, its schedules, payment receipts and handover reports for at least 5 years after it ends, or any longer statutory period.

8.2 Correspondence through the e-mail or mobile at the head of this Contract, and approved government platforms, is proof where it can be attributed to its sender, under the Electronic Transactions Law and the Evidence Law. Nothing said orally changes this Contract.

8.3 The party receiving money gives a receipt for each sum, stating what it covers. No payment is a final release unless that is stated in writing.

Article 9: Successors and third parties

9.1 This Contract binds the parties and their lawful successors, within the limits of any estate, unless a party's person was central to contracting. On death, the heirs or their representative shall tell the other party within a reasonable time, and rights are settled under Sharia and the Laws.

9.2 This Contract creates no right for anyone other than the parties unless stated. A party's dealing with what is its own does not affect the other's rights here, and nothing can be raised against a third party in good faith who did not know of it until it is documented or registered where that is required.

Article 10: Personal data protection

10.1 The parties shall comply with the Personal Data Protection Law and its regulations. Where the Second Party processes personal data for the First Party, it acts as processor and processes it only on the First Party's written instructions and for the purpose of this Contract.

10.2 The Second Party shall apply suitable security and technical measures, limit access to those who need it, and use a sub-processor only with the First Party's prior written approval and on equivalent terms.

10.3 The Second Party shall notify the First Party of any leak or unauthorised access without delay and within 24 hours of becoming aware, with the information the First Party needs to report to the competent authority within the statutory 72 hours.

10.4 Data leaves the Kingdom only in line with the statutory controls. When the Contract ends, data is returned or securely deleted within 30 days unless a law requires it to be kept.

Article 11: Confidentiality

11.1 Each party shall keep the other's non-public information confidential, use it only to perform this Contract, and disclose it only to staff and advisers who need it and are bound by confidentiality.

11.2 This excludes information that is public through no fault of the recipient, or that a competent authority lawfully requires, provided the other party is told where possible. The duty lasts 3 years after the Contract ends, and information is returned or destroyed on request.

Article 12: Force majeure and exceptional circumstances

12.1 A party is not liable for delay or failure caused by an event beyond its control that was unforeseeable and unavoidable, provided it notifies the other within 7 days and makes reasonable efforts to limit the effect. Force majeure does not excuse paying what fell due before it occurred.

12.2 Affected obligations are suspended for the duration. If the event lasts more than 60 days, either party may terminate by written notice, with payment for work actually performed.

12.3 If unforeseeable general exceptional circumstances make performance so onerous as to threaten a heavy loss, the affected party may request renegotiation without delay while continuing to perform, as provided by the Civil Transactions Law.

Article 13: General provisions

13.1 Notices are in writing and sent to the addresses at the head of this Contract; the registered e-mail is valid, and a notice counts as received on the next Business Day. Each party shall report any change of address.

13.2 Neither party may assign this Contract or subcontract without the other's prior written approval, and it remains responsible for its subcontractors.

13.3 Delay in using a right does not waive it, and this Contract changes only by a signed written annex. If a provision is void the rest stays in force, unless that provision was the reason for contracting.

13.4 The parties shall comply with the rules against bribery, corruption and money laundering. Neither is the agent, partner or employer of the other, and each bears the obligations of its own staff.

13.5 This Contract may be signed electronically under the Electronic Transactions Law, and electronic signatures and records have their legal force. It is made in two copies, one for each party.

Article 14: Governing law and disputes

14.1 This Contract is governed by the laws of the Kingdom of Saudi Arabia, including the Civil Transactions Law, and in a manner consistent with Islamic Sharia.

14.2 The parties shall try to settle any dispute amicably through their representatives within 30 days of notice, and may then use conciliation through the Taradhi platform.

14.3 If it remains unresolved, it shall be decided by: Forum: the competent courts in the city of ... / arbitration under the rules of the Saudi Center for Commercial Arbitration, seated in .... The parties shall keep performing whatever the dispute does not affect.

14.4 Where made in Arabic and English, the Arabic text prevails in any difference.

Schedules

• Schedule 1: copy of the original contract and earlier annexes.

Signatures

The parties sign this Contract after reading and accepting all of its terms.

| First Party (First Party) | Second Party (Second Party) |

| --- | --- |

| Name: First party signatory | Name: Second party signatory |

| Signature: First party signature | Signature: Second party signature |

| Date: Signing date | Date: Signing date |