Contracts
Auto-renewal
A clause that renews a contract automatically for another term unless someone gives notice before a deadline.
A plain-English explanation of how this usually works, not legal advice. Rules differ between countries and change over time, so check your own situation. Disclaimer.
You'll hear it as
We missed the notice date, so it auto-renewed for another year.
Why it matters to you.
Put every renewal deadline in a calendar. It's the cheapest money a team will ever save.
Related terms.
Videos.
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