Contract Renewal
/ˈkɒntrækt rɪˈnuːəl/
Definitions
- (n.) The act or process of extending the term of an existing contract beyond its original expiration date.
The parties agreed to a contract renewal for another year to continue the services.
Forms
- contract renewal
- contract renewals
Related terms
See also
Commentary
Contract renewal typically involves mutual consent and may require formal documentation; clarity in drafting renewal clauses is essential to avoid ambiguity about timing and conditions.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.