On the surface, contract extensions are pretty simple; you want your contract to be extended, so you create an addendum to the original document that allows you to do just that. It’s a little like overtime in a basketball game. So, in essence, it’s straightforward, but you still need...
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The End of Term Extension shall automatically terminate upon execution of a replacement contract or modification extending the total term of the Contract. The provisions of this Participating Addendum in effect when such notice is given shall remain in effect during the End of Term Extension. The ...
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"control" means (i) the power, direct or indirect, to cause the direction or management of such entity, whether by contract or otherwise, or (ii) ownership of fifty percent (50%%) or more of the outstanding shares, or (iii) beneficial ownership of such entity. "...