It is impossible to perform the obligation on time. How to safely extend the term of a contract
October, 2025 | Published
Authors: Berezina Yulia, Akhtamov Azam
This article offers guidance on how to correctly extend a contract term to avoid penalties.
Extending a contract term is standard business practice, but from a legal perspective such extension requires execution of a supplementary agreement. Entrepreneurs often overlook the nuances prescribed by Russian legislation, which leads to adverse consequences: recovery of liquidated penalty or compensation for losses. This article explains how to extend a contract without negative consequences.
Extending a contract term is standard business practice, but from a legal perspective such extension requires execution of a supplementary agreement. Entrepreneurs often overlook the nuances prescribed by Russian legislation, which leads to adverse consequences: recovery of liquidated penalty or compensation for losses. This article explains how to extend a contract without negative consequences.
