Renewal
/rɪˈnuːəl/
Definitions
- (n.) The act or process of extending the duration of a legal agreement or contract beyond its original term.
The lease agreement includes a renewal option for another year.
- (n.) The reactivation or reinstatement of a right, license, or privilege after it has expired.
The renewal of his professional license was completed last week.
Forms
- renewals
Related terms
See also
Commentary
Renewal often requires fulfillment of specific conditions; precise terms should be clearly stated to avoid ambiguity.
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.