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The Option to Renew Term is most commonly found in:
- Lease Agreements: Both residential and commercial leases often include renewal options allowing tenants to continue their occupancy.
- Service Contracts: Contracts for services such as maintenance, consulting, or technology services where ongoing relationships are common.
- Franchise Agreements: Providing franchisees the ability to extend their agreements under certain conditions is a common practice.
fynk.com/en/clauses/option-to-renew-term/Examples of renewal term clauses in contracts | Afterpattern
Upon the expiration of the Initial Term, the term of such employment automatically shall be renewed for an additional term of one year commencing on January 1st and expiring on the succeeding December 31st (a “Renewal Term”) unless Executive or the Company shall give …
See results only from afterpattern.comExamples of option to rene…
Coordination of benefits revenue is derived from contracts with state governments …
Examples of automatic rene…
Prior to maturity, the Noteholder must deliver a 90-day notice, or it will be …
Examples of renewal option …
The lease agreement is for a five-year term, with a renewal option of five years, and …
Examples of automatic rene…
Automatic renewal terms clause samples On December 1, 2007, the Company …
Contract Renewal Sample Clauses: 1k Samples - Law Insider
Contract Renewal. Pursuant to contract provision 4. Contract Term, the Contract term is hereby renewed for its first subsequent contract term period, beginning September 1, 2024, to August …
Renewal Term Sample Clauses: 3k Samples - Law …
Renewal Term. This Agreement may be renewed for successive two (2) year terms (each, a “Renewal Term”) by mutual written agreement of the parties hereto, executed not less than six (6) months prior to the expiration of the …
Renewal Sample Clauses: 18k Samples - Law Insider
Upon mutual agreement, the Customer and the Contractor may renew the Contract, in whole or in part, for a period that may not exceed 3 years or the term of the contract, whichever period is …
Examples of option to renew clauses in contracts
Coordination of benefits revenue is derived from contracts with state governments and Medicaid managed care plans that typically span 3 to 5 years with the option to renew.
Renewal Term: Key Insights for Effective Contract Management
A Renewal Term refers to a specific duration that follows the initial term of a contract, during which the contract can continue to be in effect as originally negotiated. Typically, a Renewal Term …
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Option to renew term key clause in contracts …
An Option to Renew Term is a clause commonly found in contracts, particularly in lease agreements, that provides the lessee or party involved the right, but not the obligation, to extend the term of the agreement for an additional specified …
Examples of renewal option clauses in contracts
The lease agreement is for a five-year term, with a renewal option of five years, and monthly rental payments of $30,316 for the term of the lease agreement and renewal option. The lease agreement also requires the payment of utilities, …
Example clauses for Initial Term; Renewal Terms - alldrafts.com
Initial Term; Renewal Terms contract clause examples “ Renewal Term . Lessor hereby grants to Lessee the right to renew this Lease until December 23, 2023 for the base rent amount of …
Automatic Renewal Terms Sample Clauses - Law Insider
Automatic Renewal Terms. Subject to earlier termination as set forth in Section 3.C, this agreement shall automatically renew for successive 3-year terms (the “Renewal Terms”), unless either party shall give notice of non-renewal at least …
Example clauses for Renewal Term - alldrafts.com
Term; Renewal. This Agreement has a one-year term from the Effective Date and shall continue in full force until the first anniversary of the Effective Date. Thereafter, this Agreement may be …
Example clauses for Initial Term; Renewal Terms - alldrafts.com
Initial Term. Executive’s employment under this Agreement commenced effective April 1, 2020 (“ Effective Date ”), and will continue for a period of two (2) years (the “ Initial Term ”). Thereafter, …
Option to Renew: Key Considerations for Contracts | fynk
If the renewal term is greater than one (1) year, the rent for the first year of the renewal term shall be at market rate; thereafter, on each yearly anniversary of the renewal term, the rent shall be …
What is a Renewal Clause? - Zuva
Jan 12, 2023 · Renewal clauses can be found in a variety of contracts and can be a valuable way to introduce flexibility into legal arrangements.
Examples of automatic renewal clauses in contracts | Afterpattern
Prior to maturity, the Noteholder must deliver a 90-day notice, or it will be subject to automatic renewal. The Company may call the Note prior to maturity in whole or in part, at any time or …
Renewal Terms Sample Clauses: 2k Samples - Law Insider
Renewal Terms. Immediately following the Initial Term this Agreement shall automatically renew for successive one-year periods (a “Renewal Term”).
What Is a Contract Renewal Term? - Attorney Aaron Hall
A contract renewal term is a provision that outlines the conditions and duration of a contract's extension beyond its initial term. It determines the fate of the agreement, specifying the …
What Is an Automatic Renewal Clause? Definition & Examples
Dec 18, 2024 · Learn how automatic renewal clauses extend contracts without action. Explore examples of software subscriptions and lease agreements.
Automatic Renewal Sample Clauses: 2k Samples - Law Insider
Automatic renewal clauses, or evergreen terms, are commonly found in commercial agreements, supply agreements, purchase agreements, software license agreements, consulting …
Navigating the Essentials of a Contract Renewal Letter
1 day ago · Renewal Terms: Outline the terms for the renewal, including any changes or updates you wish to propose. Renewal Period: Specify the duration of the renewed contract. Call to …
Examples of automatic renewal terms clauses in contracts
Automatic renewal terms clause samples On December 1, 2007, the Company and Pinchas Althaus entered into an Employment Agreement, whereby Mr. Althaus was employed as Chief …
Contract Renewal Terms Sample Clauses - Law Insider
Contract Renewal Terms. Per the contract renewal terms stated in the contract, the maximum allowable percentage increase that may be applied to the fixed meal rates and fixed …
How to Secure Better Terms in Your SAP Contract Renewal
Sep 2, 2024 · Negotiate multi-year renewals: Consider the benefits of longer renewal terms. Longer contracts can often secure more stable pricing, avoiding the annual negotiation hassle. …
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