Agreement to extend limitation—standstill agreement

This Agreement is dated [insert day] of [insert month] 20[insert year]

Parties

1. 1

   [Insert full name and address of individual or company name, number and address of registered office] (Party A)

1. 2

   [Insert full name and address of individual or company name, number and address of registered office] (Party B)

each a ‘Party’ and together the ‘Parties’

The parties agree:

1. 1. 1

      Definitions and interpretation

      Dispute

      1. •

         means any claim arising out of or connected with [Insert description of the dispute/circumstances giving rise to the dispute].

      Proceedings

      1. •

         means court proceedings in England and Wales and any arbitration in relation to the Dispute.

      Period of Extension

      1. •

         means the period which begins on the date of this Agreement and continues until it is terminated in accordance with clause 3.

      Extension Date

      1. •

         means the date on which the Period of Extension ends, in accordance with clause 3.

      1. 1.1

         Save where the context otherwise requires, in this Agreement:

         1. 1.1.1

            words in the singular include the plural and vice versa;

         1. 1.1.2

            reference to one gender includes a reference to the other genders;

         1. 1.1.3

            any reference to a company means any company, corporation or other body corporate, wherever and however incorporated, established or domiciled;

         1. 1.1.4

            a reference to a statute or statutory provision is a reference to it as it is in force for the time being, taking account of any amendment, extension, or re-enactment, and includes any subordinate legislation for the time being