In plain English
This refers to extra time beyond what was first agreed. It lengthens the contract term or moves the original deadline further out.
In context
Here, "extension period" names the field for the additional time added to the contract's original term or deadline.
- Situation
- Processing amendments, renewals, extensions, suspension, and termination
- What it communicates
- names the field for the added time
Meaning limits
The term alone does not state the exact length of the added time.
Examples
“The lease was for six months, followed by a one-month extension period.”
“The clerk entered two weeks under Extension Period on the contract form.”