Renewal Clause
/ˈruː.njuː.əl klɔːz/
Definitions
- (n.) A provision in a contract that allows the extension or continuation of the agreement upon expiration, often automatically or upon notice by one party.
The lease includes a renewal clause that lets the tenant extend the lease for another year.
Forms
- renewal clause
- renewal clauses
Related terms
See also
Commentary
Renewal clauses must clearly specify renewal conditions, notice periods, and duration to avoid disputes over contract extension rights.
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.