renewal terms
Conditions for continuation
Renewal terms are the conditions under which an agreement continues after its initial period expires.
Contracts, leases, and subscriptions typically specify renewal terms—whether extension is automatic or requires action, how pricing may change, and what notice is required to cancel: The renewal terms allow either party to opt out with thirty days' notice.
- extensionsAdditions that lengthen
- rolloverVehicle flipping accident
- endorsementsFormal declarations of support
- opt-outChoose not to participate
- deductibleOut-of-pocket threshold amount
subscriptions · billing cycle · stipulations · exclusions · grace period · expiration date · cancellation · periodicity · clauses · obligations · evergreen · provisions · leases · renewability · payment schedules · amendments · compliance · lapse