Renewal Terms

Renewal terms refer to the conditions and details that apply when an existing contract, subscription, or agreement is extended or renewed. These terms specify how long the renewal period lasts, any changes in costs or conditions, and the process for continuing the service or agreement. They help both parties understand their ongoing commitments and ensure clarity about how and when the renewal occurs, preventing surprises. Essentially, renewal terms outline what happens at the end of the current term and how the agreement continues moving forward.