A Renewal Period means a period beginning on the expiry of the Initial Period or the expiry of any earlier Renewal Period and lasting for twelve (12) months. A Renewal Period shall not include …

RENEWAL definition: 1. the act of making an official document, agreement, or rule continue for more time: 2. the act…. Learn more.

Renewal Period means the 27-month period commencing April 1 prior to the previous license expiration and ending June 30, the date of current license expiration. Renewal Period has the …

The meaning of RENEWAL is the act or process of renewing : repetition. How to use renewal in a sentence.

RENEWAL meaning: 1. the act of making an official document, agreement, or rule continue for more time: 2. the act…. Learn more.

Renewal in legal terms refers to the process of extending the duration of a contract, lease, or agreement. This means that instead of ending when the original time period is up, the …

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 …

RENEWAL meaning: 1 : the act of extending the period of time when something is effective or valid the act of renewing something; 2 : the state of being made new, fresh, or strong again the …

1) Voluntary re-establishment of a legal relationship created by a previously agreed-to but expired contract . That is, renewal is not merely an extension of a previous contract but is effectively …

The renewal of a document such as a licence or a contract is an official increase in the period of time for which it remains valid. His contract came up for renewal. The premium should be …

May 23, 2022 · An option to renew works by granting a party with the right (but not an obligation) to renew the agreement at the end of the initial term. The agreement will expire at the end of …

noun: (= reinvigoration) renacimiento; (= renovation) renovación; (= restarting) [of negotiations, relations] reanudación; [of attack, hostilities] recrudecimiento [...] If there is a renewal of an …

Jan 7, 2025 · What Does Renewal Date Mean? For an insurance policy to remain active, it must be renewed before the renewal date. The renewal date serves as a cut-off point: if the policy is …

Definition of renewal noun in Oxford Advanced American Dictionary. Meaning, pronunciation, picture, example sentences, grammar, usage notes, synonyms and more.

Nov 25, 2024 · Contract renewal is when an existing contract is updated and extended. It typically involves agreeing on new terms or confirming the continuation of the current ones before the …

From Longman Dictionary of Contemporary English re‧new‧al /rɪˈnjuːəl $ -ˈnuː-/ noun [singular, uncountable] 1 when an activity, situation, or process begins again after a period when it had …

Renewal means the act of making something new again or extending the period of validity of something, such as a contract, lease, or passport.

Referred to as "renewal options" or "option to renew" clauses, these contractual provisions confer the right upon one or both parties to extend or renew the terms of an existing agreement upon …