{"id":32038,"date":"2019-12-18T14:37:41","date_gmt":"2019-12-18T06:37:41","guid":{"rendered":"https:\/\/zegal.com\/grant-of-request-for-extension-of-time\/"},"modified":"2024-08-20T15:31:14","modified_gmt":"2024-08-20T07:31:14","slug":"grant-of-request-for-extension-of-time","status":"publish","type":"page","link":"https:\/\/zegal.com\/en-sg\/grant-of-request-for-extension-of-time\/","title":{"rendered":"Grant of Request for Extension of Time"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 ez-toc-wrap-left counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/zegal.com\/en-sg\/grant-of-request-for-extension-of-time\/#What_is_a_Grant_of_Request_for_Extension_of_Time\" >What is a Grant of Request for Extension of Time?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/zegal.com\/en-sg\/grant-of-request-for-extension-of-time\/#What_is_the_purpose_of_writing_a_Grant_of_Request_for_Extension_of_Time_letter\" >What is the purpose of writing a Grant of Request for Extension of Time letter?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/zegal.com\/en-sg\/grant-of-request-for-extension-of-time\/#How_to_Write_a_Grant_of_Request_for_Extension_of_Time_letter\" >How to Write a Grant of Request for Extension of Time letter?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/zegal.com\/en-sg\/grant-of-request-for-extension-of-time\/#Conclusion\" >Conclusion<\/a><\/li><\/ul><\/nav><\/div>\n\n<h2 class=\"wp-block-heading\" id=\"h-what-is-a-grant-of-request-for-extension-of-time\"><span class=\"ez-toc-section\" id=\"What_is_a_Grant_of_Request_for_Extension_of_Time\"><\/span>What is a Grant of Request for Extension of Time?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>A <strong>Grant of Request for Extension of Time letter<\/strong> is made between a creditor and a debtor granting the debtor\u2019s request to extend the payment time of an outstanding invoice.<\/p>\n\n\n\n<p>Establishing a <strong>Grant of Request for Extension of Time for payments<\/strong> made by a company is important as it is used to clearly demonstrate that delays have occurred within the payment process and, further, it explicitly outlines the postponed date of payment.<\/p>\n\n\n\n<p>These letters are also made between one company and another to extend a payment relating to a given supply of goods or services.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-is-the-purpose-of-writing-a-grant-of-request-for-extension-of-time-letter\"><span class=\"ez-toc-section\" id=\"What_is_the_purpose_of_writing_a_Grant_of_Request_for_Extension_of_Time_letter\"><\/span>What is the purpose of writing a Grant of Request for Extension of Time letter?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>A grant extension may be granted for a variety of reasons, it could be that an unexpected issue occurred that delayed the implementation of such services, or sudden unforeseen circumstances arising, etc. While limited in size and scope, the benefit of grant extensions is that neither party has to go through the entire application, negotiation, and transaction process again from the beginning.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-how-to-write-a-grant-of-request-for-extension-of-time-letter\"><span class=\"ez-toc-section\" id=\"How_to_Write_a_Grant_of_Request_for_Extension_of_Time_letter\"><\/span>How to Write a Grant of Request for Extension of Time letter?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>These are the tips for writing a request for granting an extension of time.<\/p>\n\n\n\n<p><strong>Write your name and full address:<\/strong> You should include your name and full address on the top of the letter.<\/p>\n\n\n\n<p><strong>Use formal and polite language:<\/strong> While writing this letter you should use formal and polite language to describe your circumstances.<\/p>\n\n\n\n<p><strong>Provide next deadline:<\/strong> Normally this letter is written if you failed the deadline for making the payment. So, make sure you should include the next date of making the payment.<\/p>\n\n\n\n<p><strong>Describe your reason:<\/strong> you should properly describe your situation for not being able to make the payment in time. There might be various reasons like banking issues, unfavorable external environment, or internal environment issues.<\/p>\n\n\n\n<p><strong>Express gratitude in advance:<\/strong> You should be thankful in advance for asking for the grant of a request for an extension of time.<br>Apologize for the inconvenience: last but not the least, you should apologize for not being able to make the payment on time.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-conclusion\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span>Conclusion<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>A Grant of Request for Extension of Time letter is written when one party fails to make the payment on deadline and asks for the deadline extension for making the payment. This letter will help both parties to understand the hardship one is facing for making the payment, and also helps in maintaining a good relationship by communicating their problems. It will also save time and money for both parties by minimizing the redundancy of starting a payment procedure again.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"h-you-might-also-like\"><strong>You Might Also Like<\/strong><\/h4>\n\n\n\n<p>Along with this document, make sure you see these other templates in our library:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/zegal.com\/en-sg\/saas-agreement\/\">SaaS Agreement<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/zegal.com\/en-sg\/freelance-agreement\/\">Freelance Agreement<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/zegal.com\/en-sg\/software-development-agreement\/\">Software Development Agreement<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/zegal.com\/en-sg\/fast-agreement\/\">Fast Agreement<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/zegal.com\/en-sg\/share-option-plan\/\">Share Option Plan<\/a><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>What is a Grant of Request for Extension of Time? A Grant of Request for Extension of Time letter is made between a creditor and a debtor granting the debtor\u2019s request to extend the payment time of an outstanding invoice. Establishing a Grant of Request for Extension of Time for payments made by a company [&hellip;]<\/p>\n","protected":false},"author":28,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":[13559],"meta":{"_acf_changed":false,"_editorskit_title_hidden":false,"_editorskit_reading_time":2,"_editorskit_is_block_options_detached":false,"_editorskit_block_options_position":"{}","inline_featured_image":false,"footnotes":""},"usecases":[13690],"class_list":["post-32038","page","type-page","status-publish","hentry","template-debts-and-disputes","usecases-chase-late-payments"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.8 (Yoast SEO v27.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Grant of Request for Extension of Time | Zegal Singapore<\/title>\n<meta name=\"description\" content=\"A Grant of Request for Extension of Time letter is made between a creditor and a debtor granting the debtor\u2019s request to extend the payment time of an outstanding invoice.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/zegal.com\/en-sg\/wp-json\/wp\/v2\/pages\/32038\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Grant of Request for Extension of Time\" \/>\n<meta property=\"og:description\" content=\"A Grant of Request for Extension of Time letter is made between a creditor and a debtor granting the debtor\u2019s request to extend the payment time of an outstanding invoice.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/zegal.com\/en-sg\/grant-of-request-for-extension-of-time\/\" \/>\n<meta property=\"og:site_name\" content=\"Zegal Singapore\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/getzegal\/\" \/>\n<meta property=\"article:modified_time\" content=\"2024-08-20T07:31:14+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/zegal.com\/wp-content\/uploads\/2023\/09\/zegal-logo-red.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"627\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:site\" content=\"@getzegal\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/zegal.com\\\/en-sg\\\/grant-of-request-for-extension-of-time\\\/\",\"url\":\"https:\\\/\\\/zegal.com\\\/en-sg\\\/grant-of-request-for-extension-of-time\\\/\",\"name\":\"Grant of Request for Extension of Time | Zegal Singapore\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/zegal.com\\\/en-sg\\\/#website\"},\"datePublished\":\"2019-12-18T06:37:41+00:00\",\"dateModified\":\"2024-08-20T07:31:14+00:00\",\"description\":\"A Grant of Request for Extension of Time letter is made between a creditor and a debtor granting the debtor\u2019s request to extend the payment time of an outstanding invoice.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/zegal.com\\\/en-sg\\\/grant-of-request-for-extension-of-time\\\/#breadcrumb\"},\"inLanguage\":\"en-SG\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/zegal.com\\\/en-sg\\\/grant-of-request-for-extension-of-time\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/zegal.com\\\/en-sg\\\/grant-of-request-for-extension-of-time\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Legal Templates\",\"item\":\"https:\\\/\\\/zegal.com\\\/en-sg\\\/all-docs\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Debts and Disputes\",\"item\":\"https:\\\/\\\/zegal.com\\\/en-sg\\\/template\\\/debts-and-disputes\\\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Grant of Request for Extension of Time\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/zegal.com\\\/en-sg\\\/#website\",\"url\":\"https:\\\/\\\/zegal.com\\\/en-sg\\\/\",\"name\":\"Zegal Singapore\",\"description\":\"Need legal? 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