contract renewal
Extending the deal
Contract renewal is the process of extending or renegotiating an agreement before it expires.
Employment contracts, leases, and subscription services all come up for renewal: Her contract renewal includes a significant raise.
The term implies both parties must agree to continue—renewal isn't automatic unless specified.
We're in contract renewal negotiations with the vendor.
- extensionAdded part or duration
- bargainingNegotiating mutually acceptable terms
- collective bargainingJoint worker-employer talks
- salary negotiationDiscussing compensation terms
- dateSpecific day or outing
annual review · duration · agreement · rollover · amendment · probationary period · opt-out · clause · ratification · grace period · renegotiation · end date · holdover · tenure track · notice period · continuance · arbitration · deadline
contract renewalcontract termination
Ending a legal agreement
termination · contract cancellation · cancellation · contract expiration · non-renewal