[{"data":1,"prerenderedAt":515},["ShallowReactive",2],{"document-renewal-agreement-D14046":3},{"document":4,"label":21,"preview":11,"thumb":22,"thumb600":23,"description":5,"descriptionCustom":6,"apiDescription":5,"pages":8,"extension":10,"parents":24,"breadcrumb":28,"related":34,"customDescModule":165,"customdescription":6,"mdFm":166,"mdProseHtml":514},{"description":5,"descriptionCustom":6,"label":7,"pages":8,"size":9,"extension":10,"preview":11,"thumb":12,"svgFrame":13,"seoMetadata":14,"parents":16,"keywords":15},"RENEWAL AGREEMENT This Renewal Agreement (the \"Agreement\") is made and effective this [DATE], BETWEEN: [COMPANY NAME] (the \"Company\") a company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], [COUNTRY], with its head office located at: [YOUR COMPLETE ADDRESS] AND: [DISTRIBUTOR NAME] (the \"Distributor\"), a company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] WHEREAS, the Company and the Distributor entered into a Distribution Agreement dated [ORIGINAL AGREEMENT DATE] (the \"Original Agreement\"); WHEREAS, the Parties wish to renew the Original Agreement under the terms and conditions set forth herein. IT IS HEREBY AGREED THAT: Term 1.1 The term of this Agreement shall be for a period of [NUMBER OF YEARS] years commencing on [RENEWAL START DATE], and terminating on [RENEWAL END DATE], subject to any renewal of the Agreement pursuant to Section 6 hereof and subject to earlier termination of this Agreement pursuant to Section 5 hereof (the \"Term\"). MODIFICATIONS TO ORIGINAL AGREEMENT 2.1 Pricing and Payment Terms: [SPECIFY ANY CHANGES TO PRICING, PAYMENT SCHEDULES, OR PAYMENT METHODS.] 2.2 Territory: [SPECIFY ANY CHANGES TO THE GEOGRAPHIC TERRITORY COVERED BY THE AGREEMENT.] 2.3 Products: [SPECIFY ANY CHANGES TO THE PRODUCTS COVERED BY THE AGREEMENT, INCLUDING ADDITIONS OR DELETIONS.] 2.4 Performance Requirements: [SPECIFY ANY CHANGES TO PERFORMANCE REQUIREMENTS, SUCH AS SALES TARGETS OR MARKETING COMMITMENTS.] 2.5 Reporting and Compliance: [SPECIFY ANY CHANGES TO REPORTING REQUIREMENTS OR COMPLIANCE OBLIGATIONS.] 2.6 Other Modifications: [INCLUDE ANY OTHER MODIFICATIONS TO THE ORIGINAL AGREEMENT.] CONTINUING TERMS 3.1 Except as expressly modified by this Agreement, all terms and conditions of the Original Agreement shall remain in full force and effect during the Renewal Term. In the event of any conflict between the terms of this Agreement and the Original Agreement, the terms of this Agreement shall control. COMPENSATION 4.1 Fee: In consideration of the services to be provided by the Distributor throughout the Term, the Company shall pay the Distributor a total fee of [AMOUNT] in [CURRENCY], payable in [SPECIFY PAYMENT TERMS]. 4.2 Additional Services: Any services outside the scope of this Agreement shall be considered additional services and will be billed at the rate of [HOURLY/DAY RATE] in [CURRENCY], upon the prior written consent of the Company. TERMINATION OF AGREEMENT 5.1 Termination for Just Cause: The Company may terminate this Agreement at any time for Just Cause (as hereinafter defined) without payment of any compensation either by way of anticipated earnings or damages of any kind. For the purposes of this Agreement, \"Just Cause\" means the continued breach of this Agreement by the Distributor after [NUMBER] written warnings to such effect, deliberate action to injure or show disloyalty to the Company, or theft or fraud against the Company. 5.2 Termination due to Incapacity: Notwithstanding any other provisions of this Agreement, the Company may terminate this Agreement at any time upon [NUMBER OF WEEKS] weeks prior written notice if the Distributor has not been able to perform the services for a period of [NUMBER OF MONTHS] consecutive months. In the case of disability or incapacity of the Distributor, the Company may, however, provide the services of another individual to temporarily perform the services so long as such individual performs such services to the satisfaction of the Company. 5.3 Return of Property: Upon any termination of this Agreement for any reason whatsoever, the Distributor shall at once deliver to the Company all books, documents, effects, money, securities, or other property belonging to the Company which are in the possession, charge, control, or custody of the Distributor. RENEWAL OF AGREEMENT 6.1 The Company may offer to renew this Agreement in accordance with the terms and conditions hereof for further periods of [NUMBER OF YEAR(S)] year(s) each by giving notice in writing to the Distributor not later than [NUMBER OF MONTHS] months prior to the expiry of the Term or the renewal thereof. Such notice shall include the Company's proposals for any changes in terms or conditions of this Agreement. The Distributor shall communicate its acceptance of such offer by giving notice in writing thereof to the Company no later than [NUMBER OF WEEKS] weeks after receipt of the said offer. Any proposed changes in fees or other terms and conditions shall be agreed upon in writing between the Parties. 6.2 Failing such renewal and acceptance thereof, this Agreement shall terminate at the end of the Term or of the renewal term, as the case may be, without further notice and termination payments. SEVERABILITY 7.1 If a court of competent jurisdiction adjudges, declares, or decrees any portion of this Agreement void or unenforceable, such portion shall, automatically and without further act on the part of the Parties hereto, be reduced in scope, territory, or duration of time to such an extent that the court would hold the same to be enforceable in the circumstances before the court, or, if the court is unwilling to do so, shall be deemed void and severed here from. WAIVER RESTRICTIONS 8.1 The failure of either Party hereto at any time to require strict performance of any of the terms and conditions hereof by the other Party hereto shall not be construed as a waiver or relinquishment of any such term or condition, nor shall such failure be construed to waive, relinquish, or diminish the former's right thereafter to demand strict compliance therewith or with any other provisions of this Agreement. The waiver of any default shall not operate as a waiver of any other default or of the same type of default on a future occasion, and no waiver hereunder shall be effective unless it is in writing and signed by the Party granting such waiver. SUCCESSOR RIGHTS 9.1 This Agreement shall to the benefit of and be binding upon the Parties hereto and their respective heirs, executors, legal representatives, and successors",null,"Renewal Agreement","6",513,"doc","https://templates.business-in-a-box.com/imgs/1000px/renewal-agreement-D14046.png","https://templates.business-in-a-box.com/imgs/250px/14046.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#14046.xml",{"title":15,"description":6},"renewal agreement",[17,20],{"label":18,"url":19},"Legal Agreements","/templates/business-legal-agreements/",{"label":18,"url":19},"Renewal Agreement Template","https://templates.business-in-a-box.com/imgs/400px/14046.png","https://templates.business-in-a-box.com/imgs/600px/14046.png",[25,17,20],{"label":26,"url":27},"Templates","/templates/",[29,30,31],{"label":26,"url":27},{"label":18,"url":19},{"label":32,"url":33},"Terms & Warranties","/templates/terms-and-warranties/",[35,39,43,47,51,55,59,63,67,71,75,79,83,97,109,122,136,150],{"label":36,"url":37,"thumb":38,"extension":10},"Second Request for Renewal of Service Agreement","/template/second-request-for-renewal-of-service-agreement-D1307","https://templates.business-in-a-box.com/imgs/250px/1307.png",{"label":40,"url":41,"thumb":42,"extension":10},"Board Resolution Authorizing Agreements Renewal","/template/board-resolution-authorizing-agreements-renewal-D54","https://templates.business-in-a-box.com/imgs/250px/54.png",{"label":44,"url":45,"thumb":46,"extension":10},"Non-Profit Partnership Agreement","/template/non-profit-partnership-agreement-D14023","https://templates.business-in-a-box.com/imgs/250px/14023.png",{"label":48,"url":49,"thumb":50,"extension":10},"Acquisition Agreement","/template/acquisition-agreement-D847","https://templates.business-in-a-box.com/imgs/250px/847.png",{"label":52,"url":53,"thumb":54,"extension":10},"Amalgamation Agreement","/template/amalgamation-agreement-D855","https://templates.business-in-a-box.com/imgs/250px/855.png",{"label":56,"url":57,"thumb":58,"extension":10},"Arbitration Agreement","/template/arbitration-agreement-D856","https://templates.business-in-a-box.com/imgs/250px/856.png",{"label":60,"url":61,"thumb":62,"extension":10},"Attorney Agreement","/template/attorney-agreement-D862","https://templates.business-in-a-box.com/imgs/250px/862.png",{"label":64,"url":65,"thumb":66,"extension":10},"Bonus Agreement","/template/bonus-agreement-D13815","https://templates.business-in-a-box.com/imgs/250px/13815.png",{"label":68,"url":69,"thumb":70,"extension":10},"Caregiver Agreement","/template/caregiver-agreement-D13510","https://templates.business-in-a-box.com/imgs/250px/13510.png",{"label":72,"url":73,"thumb":74,"extension":10},"Charter Agreement","/template/charter-agreement-D13440","https://templates.business-in-a-box.com/imgs/250px/13440.png",{"label":76,"url":77,"thumb":78,"extension":10},"Coaching Agreement","/template/coaching-agreement-D13221","https://templates.business-in-a-box.com/imgs/250px/13221.png",{"label":80,"url":81,"thumb":82,"extension":10},"Collaboration Agreement","/template/collaboration-agreement-D13222","https://templates.business-in-a-box.com/imgs/250px/13222.png",{"description":84,"descriptionCustom":6,"label":85,"pages":86,"size":9,"extension":10,"preview":87,"thumb":88,"svgFrame":89,"seoMetadata":90,"parents":92,"keywords":91,"url":96},"AMENDMENT AGREEMENT This Amendment Agreement (\"Agreement\") is entered into effect as of [DATE], BETWEEN: [FIRST PARTY NAME], (\"First Party\"), an individual with their main address located at OR a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] AND: [SECOND PARTY NAME], (\"Second Party\") an individual with their main address located at OR a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] WHEREAS, the Parties entered into the Original Agreement, which they now wish to amend; AND WHEREAS, the Parties mutually desire to amend the Original Agreement on the terms and conditions set forth in this Amendment; NOW, THEREFORE, in consideration of the mutual covenants and agreements contained herein, and intending to be legally bound, the Parties agree to amend the Original Agreement as follows: AMENDMENTS TO THE ORIGINAL AGREEMENT Modification of Terms: Clause [NUMBER] of the Original Agreement is hereby amended to read as follows: [NEW AMENDED LANGUAGE, PROVIDING A CLEAR AND DETAILED DESCRIPTION OF THE AMENDMENTS, INCLUDING ANY CHANGED RESPONSIBILITIES, TIMELINES, FINANCIAL TERMS, OR OTHER SIGNIFICANT ASPECTS]. Addition of Terms: The following new clause is added to the Original Agreement as Clause [NUMBER]: [DETAILED DESCRIPTION OF THE NEW CLAUSE, INCLUDING ITS SCOPE, APPLICATION, AND HOW IT INTEGRATES WITH THE EXISTING CLAUSES].","Amendment Agreement","2","https://templates.business-in-a-box.com/imgs/1000px/amendment-agreement-D13872.png","https://templates.business-in-a-box.com/imgs/250px/13872.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#13872.xml",{"title":91,"description":6},"amendment agreement",[93,95],{"label":18,"url":94},"business-legal-agreements",{"label":18,"url":94},"/template/amendment-agreement-D13872",{"description":98,"descriptionCustom":6,"label":99,"pages":8,"size":9,"extension":10,"preview":100,"thumb":101,"svgFrame":102,"seoMetadata":103,"parents":105,"keywords":104,"url":108},"SERVICE AGREEMENT This SERVICE AGREEMENT (\"Agreement\") is effective [DATE], BETWEEN: [COMPANY NAME] (the \"Contractor\"), a company organized and existing under the laws of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] AND: [COMPANY NAME] (the \"Customer\"), a company organized and existing under the laws of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] (The Contractor and the Customer shall be individually referred to as a \"Party\" and collectively referred to as the \"Parties\", as the context may require). WHEREAS A. Contractor has experience and expertise in [DESCRIBE EXPERIENCE AND SERVICE]. B. Customer desires to have Contractor provide services for them. C. Contractor desires to provide services to Customer on the terms and conditions set forth herein (the \"Services\"). NOW THEREFORE, in consideration of the above recitals, the representations, warranties, and agreements contained in this Agreement and for other good and valuable consideration, the receipt and adequacy of which are now acknowledged, the Parties agree as follows: SERVICES PROVIDED Beginning on upon agreement to this contract, [CONTRACTOR] will provide to [CUSTOMER] the following service (collectively, the /Services\"): Description of the project: [DESCRIBE THE SERVICE REQUIRED]. SCOPE OF WORK Contractor agrees to provide Services pursuant to the Scope of Work set forth in Exhibit A attached hereto (the \"Scope of Work\"). TERM Unless both parties mutually agree on an extension, this contract will automatically terminate on [SPECIFY]. PERFORMANCE The parties agree to do everything possible to ensure that the terms of this Agreement take effect. PAYMENT FOR SERVICES In exchange for the Services rendered, a payment of [SPECIFY] will be made to the Contractor upon completion of the scheduled Services described in this Contract. If an invoice is not paid on the due date, interest will be added to the current balance. These amounts shall be payable, and the Customer shall pay all overdue amounts at the lesser of [SPECIFY] per cent per annum or the maximum percentage permitted by applicable law. Or Customer will pay Contractor as follows: [SPECIFY]. DELIVERY OF SERVICES The Contractor will exercise due diligence in the provision of services. However, the Customer acknowledges that the indicated delivery times and other payment milestones listed in Scope of Work are estimates and do not constitute final delivery dates. SECURITY The Contractor must make reasonable security arrangement to protect Material from unauthorized access, collection, use, alteration or disposal. OWNERSHIP RIGHT The Customer shall hold the copyright for the agreed version of the Services as delivered, and the Customer's copyright notice may be displayed in the final version. All works, ideas, discoveries, inventions, patents, products or other information that may be protected by copyright (collectively, the \"Work Product\" developed in whole or in part by the Contractor in connection with the Services, shall be the exclusive property of the Customer. Upon request, the Contractor shall execute all documents necessary to confirm or perfect the exclusive ownership of the Customer's \"Work Product\". The Contractor retains exclusive rights to pre-existing materials used in the Customer's projects. The Customer shall not have the right to reuse, resell or otherwise transfer material belonging to the contractor or third parties. The Contractor reserves the right to use the finished public product as an example of a product. RETURN OF PROPERTY Upon the expiry or termination of this Agreement, the Contractor will return to the Customer any property, documentation, records or Confidential Information which is the property of the Customer. COMPENSATION For all services rendered by the Contractor under this Agreement, the Customer shall indemnify the Contractor. In the event that the Customer fails to make any of the payments mentioned, the Contractor shall have the right, but shall not be obliged, to exercise any of the following remedies: ","Service Agreement","https://templates.business-in-a-box.com/imgs/1000px/service-agreement-D12711.png","https://templates.business-in-a-box.com/imgs/250px/12711.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#12711.xml",{"title":104,"description":6},"service agreement",[106,107],{"label":18,"url":94},{"label":18,"url":94},"/template/service-agreement-D12711",{"description":110,"descriptionCustom":6,"label":111,"pages":112,"size":9,"extension":10,"preview":113,"thumb":114,"svgFrame":115,"seoMetadata":116,"parents":118,"keywords":117,"url":121},"FIXED-TERM AGREEMENT This Fixed-Term Agreement (the \"Agreement\") is effective [DATE], BETWEEN: [COMPANY NAME], (the \"Company\") a company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE] with its head office located at: [YOUR COMPLETE ADDRESS] AND: [EMPLOYEE NAME], (the \"Employee\") an individual with his main address located at: [YOUR COMPLETE ADDRESS] Collectively, the Company and Employee shall be referred to as the \"Parties.\" WHEREAS, the Company has offered employment to the Employee in the capacity of [SPECIFY CAPACITY OF EMPLOYEE] in the Company; WHEREAS, the Employee is desirous of and is willing to be employed by the Company in such capacity; NOW, THEREFORE, the Parties agree as follows: DEFINITIONS \"Agreement\" and \"this Agreement\" shall mean this Fixed-Term Agreement and all attached annexures and instruments supplemental to or amending, modifying or confirming this Agreement, in accordance with the provisions of this Agreement. \"Company\" shall have the meaning given to such expression in paragraph 1 of the introduction of the Parties. \"Confidential Information\" includes any trade/business secret, technical knowledge or know-how, financial information, plans, customer lists, pricing policies and procedures, marketing data, research and development data, product data, any formula pattern or compilation of information used in the business of the Company or any clients thereof or their affairs. \"Intellectual Property\" means all intellectual and industrial property and all rights therein, including, without limiting the generality of the foregoing, all inventions (whether patentable or not, and whether or not patent protection has been applied for or granted), improvements, developments, discoveries, proprietary information, trademarks, trademark applications, trade names, websites, Internet domain names, logos, slogans, know-how, trade secrets, processes, designs (whether or not registerable and whether or not design rights subsist in them), works in which copyright may subsist (including computer software and preparatory and design materials therefor). \"Month\" means a calendar month. \"Working Day\" means any day excluding Saturdays, Sundays, and statutory holidays. \"Customer(s)\"/\"Clients\" shall mean any individual, corporation, partnership, business, or other entity, whether for-profit or not-for-profit, whose existence and business is known to the Employee as a result of the Employee's access to the Company's business information, Confidential Information, customer lists, customer account information or any other source of information the Employee has access to during its employment. TERM This is a Fixed-Term Agreement. This Agreement will commence on [SPECIFY DATE] and will end on [SPECIFY DATE]. FIXED-TERM APPOINTMENT The Company hereby offers appointment to the Employee for a Fixed Term to serve the Company in the capacity of [CAPACITY OF EMPLOYEE], with effect from [SPECIFY DATE] (the \"Effective Date\") until [SPECIFY DATE]. The Company may conduct a background and a medical check on the Employee, who hereby agrees and assents to the aforesaid offer being made subject to the satisfactory completion of the same. The Employee shall perform their duties at [SPECIFY ADDRESS]. The Employee warrants that, by entering into this Agreement and performing obligations hereunder, the Employee will not be in breach of any terms or obligations under any subsisting agreement, written or oral, with any third party. Notice Period. The Employee will be required to give [NUMBER OF MONTHS] months' notice or salary thereof in case the Employee decides to leave the Company's services. In the event of the Employee having any incomplete assignment, the Company will have the discretion to relieve the Employee only at the end of the [NUMBER OF MONTHS] months' notice period. Similarly, the Company can terminate the Employee's services by giving the Employee [NUMBER OF MONTHS] months' notice or salary thereof. The Company may terminate the Employee's services immediately on disciplinary grounds. Standard Office Hours. The Company's core hours of operation are from [OFFICE HOURS]. DUTIES AND POWERS The Employee's job description and general responsibilities shall be as set forth in \"Annexure A\" and shall include such further duties and responsibilities as the Company may delegate from time to time. The roles and duties of the Employee are not limited to the ones listed in Annexure A, and the same can be modified or altered as per the decision of the Company. The Employee shall perform all such duties as may be delegated by the Company and comply with all such directions as the Officers of the Company and/or his/her nominated deputies may from time to time assign or give to the Employee. The Employee shall, during the Term of this Agreement (unless prevented by ill health or accident or as otherwise agreed by the Company in writing), devote his time and attention and abilities to the employment with the Company and shall use best endeavours to promote and protect the Company's general interests and welfare. The Parties shall fulfill all their obligations by being compliant with the applicable laws. REMUNERATION The Employee shall be paid [SPECIFY MONTHLY SALARY] on a monthly basis. The said salary shall be paid on [DAY] day of each month to the Employee by the Company. The Employee's salary shall be paid through [MODE OF TRANSFER]. The Employee's salary and other benefits shall be subject to compulsory statutory and other deductions, including tax and other contributions that are to be held by the Employee in STATE/PROVINCE]. LEAVE AND HOLIDAYS The Employee shall be entitled to leave in a year as per the leave policy of the Company, which is annexed as Annexure B to the present Agreement. NON-DISCLOSURE, NON-SOLICITATION AND CONFIDENTIALITY As Confidential Information will from time to time become known to the Employee, the Company considers and the Employee agrees that the restraints set forth in this Agreement (on which the Employee has had the opportunity to take independent legal advice) are necessary for the reasonable protection by the Company of its business or the business of the Group, the clients thereof or their respective affairs. The Employee shall not at any time, either during the continuance of or after the termination of employment with the Company, use, disclose or communicate to any person whatsoever any Confidential Information which the Employee has or of which he may have become possessed during the Employee's employment with the Company, nor shall he supply the names or addresses of any clients, customers, vendors or agents of the Company to any person except as authorised by the Company or as ordered by a court of competent jurisdiction. The Employee consents to the Company holding and processing, both electronically and manually, the data it collects in the course of his employment, for the purpose of the Company's administration and management of its employees, its business, and to comply with applicable procedures, laws and regulations. The Employee agrees that he will not at any time during the continuance of employment or on expiry or on termination/cessation of employment with the Company or thereafter, issue any statements to the press (whether oral or written) which have not directly been authorised by the Company. The obligations under this clause shall survive the termination or expiration of this Agreement, and any disclosure of the Confidential Information by the Employee intentionally or unintentionally shall constitute a material breach of the present Agreement, thereby making the Employee liable for the legal action that may be taken by the Company in this regard.","Fixed Term Contract","9","https://templates.business-in-a-box.com/imgs/1000px/fixed-term-contract-D13225.png","https://templates.business-in-a-box.com/imgs/250px/13225.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#13225.xml",{"title":117,"description":6},"fixed term contract",[119,120],{"label":18,"url":94},{"label":18,"url":94},"/template/fixed-term-contract-D13225",{"description":123,"descriptionCustom":6,"label":124,"pages":125,"size":9,"extension":10,"preview":126,"thumb":127,"svgFrame":128,"seoMetadata":129,"parents":131,"keywords":134,"url":135},"[DATE] [CONTACT NAME] [ADDRESS] [ADDRESS 2] [CITY, STATE/PROVINCE] [ZIP/POSTAL CODE] SUBJECT: LETTER OF INTENT-ACQUISITION OF BUSINESS Dear [CONTACT NAME]: This letter (\"Letter of Intent\") sets forth the basic preliminary terms between the Buyer or his nominee and yourselves regarding the purchase of the [SPECIFY] business (the \"Business\") carried on by yourselves. Except as specifically set forth herein, this Letter of Intent shall not constitute an agreement between the parties and no agreement shall be deemed to exist until execution of a definitive purchase agreement. It is proposed that Buyer will acquire certain assets of the Business which Buyer believes to be necessary to the future of the Business, including the warehouse in [CITY/STATE] in which [COMPANY NAME] the Company has invested [AMOUNT] in cash and which has been financed by a mortgage loan of approximately [AMOUNT] granted by the [SPECIFY COMPANY] [CITY/STATE]. Buyer understands that the said warehouse has no other charges or liabilities affecting it other than the said mortgage loan. Buyer may either purchase the warehouse outright or enter into a lease-purchase or instalment transfer of ownership which is satisfactory to both parties. The gross purchase price for the said warehouse will be [AMOUNT]. Buyer may purchase or lease barrels and other equipment currently owned by the Company which are necessary to operate the Business, on a cash or instalment basis agreeable to both parties. The specific assets to be purchased and the amounts to be paid by Buyer in connection with this transaction remain to be negotiated by the parties. This Letter of Intent also evidences the intentions of the parties with respect to the following agreements: Buyer will enter into a [NUMBER]-year employment agreement with [COMPANY NAME], providing for the Company will be responsible for the purchase of [SPECIFY] for Buyer. The agreement will contain the customary terms and conditions found in employment agreements in similar transactions and will provide for the usual non-competition and non-solicitation covenants to be entered into by the Company in favour of Buyer. It is expressly understood that if the contemplated transaction is consummated, the aggregate amount of commission paid or payable to yourselves (net of reasonable expenses acceptable to Buyer) in respect of all purchases of [SPECIFY] made through you from the date of this Letter of Intent to the date of closing, with the exception of commissions earned on the [NUMBER] truckloads of [SPECIFY] to be delivered to Buyer during the week of [DATE] to [DATE], will be applied against remuneration payable to the Company in the first year of his employment agreement. If the contemplated transaction is not consummated, all such commissions paid or payable will be treated as commissions. Buyer will enter into a [NUMBER]-year employment agreement with [EMPLOYEE NAME], providing for the payment of a gross base salary of [ANNUAL SALARY] per year, to be paid weekly, subject to annual review. [EMPLOYEE NAME] will be President of the Business and the employment agreement will provide for health benefits, automobile, expenses and bonus arrangements","Letter of Intent_Acquisition of Business","3","https://templates.business-in-a-box.com/imgs/1000px/letter-of-intent_acquisition-of-business-D5197.png","https://templates.business-in-a-box.com/imgs/250px/5197.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#5197.xml",{"title":130,"description":6},"letter of intent_acquisition of business",[132,133],{"label":18,"url":94},{"label":18,"url":94},"letter intent_acquisition business","/template/letter-of-intent_acquisition-of-business-D5197",{"description":137,"descriptionCustom":6,"label":138,"pages":8,"size":139,"extension":10,"preview":140,"thumb":141,"svgFrame":142,"seoMetadata":143,"parents":144,"keywords":148,"url":149},"INDEPENDENT CONTRACTOR AGREEMENT This Independent Contractor Agreement (\"Agreement\") is made and effective [Date], BETWEEN: [INDEPENDENT CONTRACTOR NAME] (the \"Independent Contractor\"), a company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] AND: [YOUR COMPANY NAME] (the \"Company\"), a company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [YOUR COMPLETE ADDRESS] RECITALS Independent Contractor is engaged in providing [Describe] business services, its Employer Tax I.D. Number is [Insert], and its Business License Number is [insert]. Independent Contractor has complied with all Federal, State, and local laws regarding business permits, sales permits, licenses, reporting requirements, tax withholding requirements, and other legal requirements of any kind that may be required to carry out said business and the Scope of Work which is to be performed as an Independent Contractor pursuant to this Agreement. Independent Contractor is or remains open to conducting similar tasks or activities for clients other than the Company and holds themselves out to the public to be a separate business entity. Company desires to engage and contract for the services of the Independent Contractor to perform certain tasks as set forth below. Independent Contractor desires to enter into this Agreement and perform as an independent contractor for the company and is willing to do so on the terms and conditions set forth below. NOW, THEREFORE, in consideration of the above recitals and the mutual promises and conditions contained in this Agreement, the Parties agree as follows: TERMS This Agreement shall be effective commencing [Date], and shall continue until terminated at the completion of the Scope of Work which shall occur no later than [Date] or by either party as otherwise provided herein. STATUS OF INDEPENDENT CONTRACTOR This Agreement does not constitute a hiring by either party. It is the parties intentions that Independent Contractor shall have an independent contractor status and not be an employee for any purposes, including, but not limited to, [laws]. Independent Contractor shall retain sole and absolute discretion in the manner and means of carrying out their activities and responsibilities under this Agreement. This Agreement shall not be considered or construed to be a partnership or joint venture, and the Company shall not be liable for any obligations incurred by Independent Contractor unless specifically authorized in writing. Independent Contractor shall not act as an agent of the Company, ostensibly or otherwise, nor bind the Company in any manner, unless specifically authorized to do so in writing. TASKS, DUTIES, AND SCOPE OF WORK Independent Contractor agrees to devote as much time, attention, and energy as necessary to complete or achieve the following: [Describe]. The above to be referred to in this Agreement as the \"Scope of Work\". It is expected that the Scope of Work will completed by [Date]. Independent Contractor shall additionally perform any and all tasks and duties associated with the Scope of Work set forth above, including but not limited to, work being performed already or related change orders. Independent Contractor shall not be entitled to engage in any activities which are not expressly set forth by this Agreement. The books and records related to the Scope of Work set forth in this Agreement shall be maintained by the Independent Contractor at the Independent Contractor's principal place of business and open to inspection by Company during regular working hours. Documents to which Company will be entitled to inspect include, but are not limited to, any and all contract documents, change orders/purchase orders and work authorized by Independent Contractor or Company on existing or potential projects related to this Agreement. Independent Contractor shall be responsible to the management and directors of Company, but Independent Contractor will not be required to follow or establish a regular or daily work schedule. Supply all necessary equipment, materials and supplies. Independent Contractor will not rely on the equipment or offices of Company for completion of tasks and duties set forth pursuant to this Agreement. Any advice given Independent Contractors regarding the scope of work shall be considered a suggestion only, not an instruction. Company retains the right to inspect, stop, or alter the work of Independent Contractor to assure its conformity with this Agreement. ASSURANCE OF SERVICES Independent Contractor will assure that the following individuals (the \"Key Employees\") will be available to perform, and will perform, the Services hereunder until they are completed (identify by title and name as applicable): [Name of Key Employee, Title] [Name of Key Employee, Title] The Key Employees may be changed only with the prior written approval of the Company, which approval shall not be unreasonably withheld. COMPENSATION Independent Contractor shall be entitled to compensation for performing those tasks and duties related to the Scope of Work as follows: [Describe] Such compensation shall become due and payable to Independent Contractor in the following time, place, and manner: [Describe] NOTICE CONCERNING WITHHOLDING OF TAXES Independent Contractor recognizes and understands that it will receive a [specify tax] statement and related tax statements, and will be required to file corporate and/or individual tax returns and to pay taxes in accordance with all provisions of applicable Federal and State law. Independent Contractor hereby promises and agrees to indemnify the Company for any damages or expenses, including attorney's fees, and legal expenses, incurred by the Company as a result of independent contractor's failure to make such required payments. AGREEMENT TO WAIVE RIGHTS TO BENEFITS Independent Contractor hereby waives and foregoes the right to receive any benefits given by Company to its regular employees, including, but not limited to, health benefits, vacation and sick leave benefits, profit sharing plans, etc. This waiver is applicable to all non-salary benefits which might otherwise be found to accrue to the Independent Contractor by virtue of their services to Company, and is effective for the entire duration of Independent Contractor's agreement with Company. This waiver is effective independently of Independent Contractor's employment status as adjudged for taxation purposes or for any other purpose. Neither this Agreement, nor any duties or obligations under this Agreement may be assigned by either party without the consent of the other. TERMINATION This Agreement may be terminated prior to the completion or achievement of the Scope of Work by either party giving [number] days written notice. Such termination shall not prejudice any other remedy to which the terminating party may be entitled, either by law, in equity, or under this Agreement. NON-DISCLOSURE OF TRADE SECRETS, CUSTOMER LISTS AND OTHER PROPRIETARY INFORMATION Independent Contractor agrees not to disclose or communicate, in any manner, either during or after Independent Contractor's agreement with Company, information about Company, its operations, clientele, or any other information, that relate to the business of Company including, but not limited to, the names of its customers, its marketing strategies, operations, or any other information of any kind which would be deemed confidential, a trade secret, a customer list, or other form of proprietary information of Company. Independent Contractor acknowledges that the above information is material and confidential and that it affects the profitability of Company. ","Independent Contractor Agreement",62,"https://templates.business-in-a-box.com/imgs/1000px/independent-contractor-agreement-D160.png","https://templates.business-in-a-box.com/imgs/250px/160.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#160.xml",{"title":6,"description":6},[145],{"label":146,"url":147},"Consultant & Contractors","consulting-contractor-business","independent contractor agreement","/template/independent-contractor-agreement-D160",{"description":151,"descriptionCustom":6,"label":152,"pages":153,"size":9,"extension":10,"preview":154,"thumb":155,"svgFrame":156,"seoMetadata":157,"parents":159,"keywords":158,"url":164},"SOFTWARE LICENSE AGREEMENT This Software License Agreement (the \"Agreement\") is effective [DATE], BETWEEN: [FIRST PARTY NAME] (the \"Licensor\"), a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] AND: [LICENSEE NAME] (the \"Licensee\"), an individual with his main address located at ______________ OR a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] WHEREAS the Licensor owns [SOFTWARE NAME] (the \"Software\") and wishes to grant a license to the Licensee, along with the right to use and operate the Software in [TERRITORY] (the \"Territory\") and the Licensee agrees to take the said license from the Licensor upon the terms and conditions as set forth in this Agreement. NOW THEREFORE, in consideration of the premises and of the mutual agreements contained in this Agreement, the Parties hereto agree as follows: DEFINITIONS AND INTERPRETATION The following definitions apply throughout this Agreement unless otherwise stated: \"Agreement\" means this Software Licensing Agreement and any amendment made thereto from time to time by the Parties hereto. \"Software\" refers to [SOFTWARE NAME]. \"Derivative Works\" mean works developed by the Licensee, its officers, agents, contractors or employees, which are based upon, in whole or in part, the Source Code and/or the Documentation and may also be based upon and/or incorporate one or more other pre-existing works. Derivative Works may be any Improvement, revision, modification, translation (including compilation or recapitulation by computer), abridgment, condensation, expansion, or any other form in which such a pre-existing work may be recast, transformed, or adapted. For purposes hereof, a Derivative Work shall also include any compilation that incorporates such a pre-existing work. \"Documentation\" means written, printed or otherwise recorded or stored (digital or paper) material relating to the Software and Source Code, including technical specifications and instructions for its use, including Source Code annotations and other descriptions of the principles of operation of the Source Code and tools and instructions for its use. \"Source Code\" means the computer programming Source Code form of the Software in the form provided by the Licensor to the Licensee, and includes all non-third-party executables, libraries, components, and Documentation created or used in the creation, development, maintenance, and support of the Software, as well as all updates, Error corrections and revisions thereto provided by the Licensor, all provided by the Licensor for use, in whole or in part, either by itself or in the development of Derivative Works. \"Improvements\" shall mean, with respect to the Source Code, all modifications and changes made, developed, acquired or conceived after the date hereof and during the entire term of this Agreement. TERM This Agreement shall come into effect on [SPECIFY DATE] and shall continue until termination of this Agreement. GRANT OF LICENSE The Licensor hereunder grants to the Licensee an exclusive, non-transferable, irrevocable, royalty-free license to use and operate the Software in the Territory, including but not limited to the right and license to use and incorporate the Source Code and/or the Documentation, in whole or in part, to develop Derivative Works (including the integration of all or part of the Source Code into the Licensee's own software), and to compile, use, copy, and distribute executable versions of such Derivative Works. The Licensor shall hereunder provide the Source Code and all other Software related information to the Licensee and also hereby allows the Licensee to modify the said Software, change its Source Code, and change its name and logo at any time and at its sole discretion without any notification to the Licensor. The Licensee shall also have the right and license to use and copy the Source Code, in whole or in part, in compiled, object-code form for the Licensee's internal testing and development use and also the right and license to make a reasonable number of backup and archival copies of Source Code and Documentation. The Licensee shall not, however, transfer or sublicense the Software to any third party, in whole or in part, in any form, whether modified or unmodified. DELIVERABLES The Licensor shall hand over the Software, including the Source Code, to the Licensee in order to be used and operated by the Licensee in the Territory within a period of [SPECIFY DAYS OR MONTHS] from the date of signing this Agreement. SUPPORT AND WARRANTY PERIOD For a period of [SPECIFY MONTHS OR YEARS] (the \"Warranty period\") from the date of the deliverables, as mentioned in clause 4 of this Agreement, the Licensor, at no additional charge, shall provide to the Licensee: the Source Code for all upgrades, updates, patches, fixes and other modifications to the Software (\"Software Modifications\"); Error correction services, more specifically, to the extent the Source Code (and/or the files resulting from compiling the Source Code), programming services, instructions and/or source code to correct such Errors to bring the Source Code (and/or the files resulting from compiling the Source Code) into compliance with the representations and warranties set forth in this Agreement. The Licensor shall use commercially reasonable measures to provide Error corrections, or a work-around for such Errors, within [NUMBER OF DAYS] days of notification by the Licensee. Where a work-around is initially provided, the Licensor shall continue to use commercially reasonable efforts to develop an Error correction until such Error correction is delivered. To the extent an Error is intermittent in nature and the Licensee is having problems recreating the Error for the purposes of reporting Errors to the Licensor, the Licensor shall provide assistance to the Licensee in recreating the Error; personnel with levels of expertise (both general technical as well as specifically with respect to the Software and the Source Code) to provide technical support, advice and consultation to the Licensee. Such technical support and assistance shall include, without limitation, support and assistance with respect to the Software, Source Code, and the Licensee's development efforts, and shall also include technical support consulting services for modifications to the Source Code made by the Licensee. LICENSE FEE The Licensee shall pay the Licensor for this license at the rate of [AMOUNT] per [month] payable in advance. The first payment shall be made on the date of the beginning of the period specified above. Subsequent payments shall be made in advance promptly on the [day of each month] thereafter during the continuation of this Agreement. All payments hereunder shall be made in [CURRENCY] currency and via [MODE OF PAYMENT] as the mode of payment. REPRESENTATIONS AND WARRANTIES OF LICENSOR The Licensor hereby represents and warrants that the license granted hereunder to the Licensee has been granted on [SPECIFY \"AN EXCLUSIVE\" OR \"A NON-EXCLUSIVE\"] basis. The Licensor represents and warrants that the Software and services shall be provided in a good and professional manner in accordance with industry practices. The Licensor represents and warrants that the Software shall be bug-free, error-free and compatible with third-party software, and, in case of any bugs etc. in the Software, this shall be rectified by the Licensor free of cost during the Warranty period.","Software License Agreement","8","https://templates.business-in-a-box.com/imgs/1000px/software-license-agreement-D12928.png","https://templates.business-in-a-box.com/imgs/250px/12928.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#12928.xml",{"title":158,"description":6},"software license agreement",[160,161],{"label":18,"url":94},{"label":162,"url":163},"License Agreements","license-agreement","/template/software-license-agreement-D12928",false,{"seo":167,"reviewer":180,"legal_disclaimer":184,"quick_facts":185,"at_a_glance":187,"personas":191,"variants":216,"glossary":244,"clauses":275,"how_to_fill":325,"common_mistakes":366,"faqs":391,"industries":419,"comparisons":444,"diy_vs_lawyer":458,"jurisdictions":471,"related_template_ids_curated":492,"schema":502,"classification":503},{"meta_title":168,"meta_description":169,"primary_keyword":170,"secondary_keywords":171},"Renewal Agreement Template (Free Word)","Free renewal agreement template to extend existing contracts on updated or identical terms. Covers term length, pricing, conditions, and governing law. Free Word and PDF download.","renewal agreement template",[172,173,174,175,176,177,178,179],"contract renewal agreement template","renewal agreement template word","renewal agreement template free","contract renewal letter template","service contract renewal template","lease renewal agreement template","renewal contract template","agreement renewal form",{"name":181,"credential":182,"reviewed_date":183},"Bruno Goulet","CEO, Business in a Box","2026-05-02",true,{"difficulty":186,"legal_review_recommended":184,"signature_required":184,"notarization_required":165},"medium",{"what_it_is":188,"when_you_need_it":189,"whats_inside":190},"A Renewal Agreement is a legally binding document that extends an existing contract for an additional term — either on the original terms or with negotiated updates to pricing, scope, duration, or other conditions. This free Word download gives you a structured, editable template you can complete in under 30 minutes and export as PDF for countersignature.\n","Use it when an existing contract is approaching its expiration date and both parties want to continue the relationship in writing rather than relying on informal agreements or automatic-renewal clauses. It is also appropriate when renewing on materially different terms that warrant a standalone signed document rather than a simple amendment.\n","Party identification and recitals, reference to the original agreement, the new term start and end date, any revised pricing or scope, conditions precedent to renewal, representations and warranties, confidentiality carry-through, termination rights, and governing law.\n",[192,196,200,204,208,212],{"title":193,"use_case":194,"icon_asset_id":195},"Small business owners","Renewing vendor, supplier, or service contracts without drafting from scratch","persona-small-business-owner",{"title":197,"use_case":198,"icon_asset_id":199},"Commercial landlords and property managers","Extending residential or commercial leases for an additional fixed term","persona-property-manager",{"title":201,"use_case":202,"icon_asset_id":203},"HR and operations managers","Renewing employment contracts, staffing agreements, or contractor arrangements","persona-hr-manager",{"title":205,"use_case":206,"icon_asset_id":207},"SaaS and technology companies","Formalizing annual subscription or license renewals with enterprise clients","persona-saas-founder",{"title":209,"use_case":210,"icon_asset_id":211},"Procurement and vendor managers","Extending supplier agreements with updated pricing or delivery terms","persona-procurement-manager",{"title":213,"use_case":214,"icon_asset_id":215},"Consultants and freelancers","Continuing a client engagement beyond the original project end date","persona-freelancer",[217,221,225,229,233,237,240],{"situation":218,"recommended_template":219,"slug":220},"Renewing a commercial or residential lease","Lease Renewal Agreement","renewal-agreement-D14046",{"situation":222,"recommended_template":223,"slug":224},"Extending a service contract with updated pricing","Service Agreement Renewal","second-request-for-renewal-of-service-agreement-D1307",{"situation":226,"recommended_template":227,"slug":228},"Renewing an independent contractor or consulting arrangement","Contract Extension Agreement","extension-of-agreement-D875",{"situation":230,"recommended_template":231,"slug":232},"Making minor changes to an existing contract mid-term","Contract Amendment","contract-addendum-D13172",{"situation":234,"recommended_template":235,"slug":236},"Replacing an expired contract with entirely new terms","New Service Agreement","service-agreement-D12711",{"situation":238,"recommended_template":152,"slug":239},"Automatically renewing a subscription license","software-license-agreement-D12928",{"situation":241,"recommended_template":242,"slug":243},"Extending an employment contract for a fixed additional term","Fixed-Term Employment Contract","fixed-term-contract-D13225",[245,248,251,254,257,260,263,266,269,272],{"term":246,"definition":247},"Renewal Term","The new period of time for which the agreement will remain in force after the original expiration date.",{"term":249,"definition":250},"Original Agreement","The prior executed contract that the renewal agreement extends, referenced by title, date, and parties.",{"term":252,"definition":253},"Evergreen Clause","A provision that causes a contract to renew automatically at the end of each term unless one party gives written notice of non-renewal within a specified window.",{"term":255,"definition":256},"Conditions Precedent","Requirements that must be satisfied before the renewal becomes effective — such as payment of outstanding invoices or delivery of updated insurance certificates.",{"term":258,"definition":259},"Carry-Through Provisions","Clauses from the original agreement — typically confidentiality, IP assignment, and dispute resolution — that remain in force through the renewal term without being restated in full.",{"term":261,"definition":262},"Notice Period","The minimum advance notice one party must give the other to prevent an automatic renewal or to trigger termination at the end of a term.",{"term":264,"definition":265},"Representations and Warranties","Statements of fact made by each party at the time of renewal — such as confirming continued authority to contract and absence of known breaches.",{"term":267,"definition":268},"Effective Date","The date on which the renewal term begins — typically the day immediately following the expiration of the original term.",{"term":270,"definition":271},"Material Breach","A failure to perform a fundamental obligation under the agreement that gives the non-breaching party the right to terminate without further liability.",{"term":273,"definition":274},"Counterparts Clause","A provision allowing each party to sign a separate copy of the agreement, with all signed copies together constituting a single binding document.",[276,281,286,291,296,301,305,310,315,320],{"name":277,"plain_english":278,"sample_language":279,"common_mistake":280},"Recitals and Reference to Original Agreement","Identifies both parties, recites the existence and key details of the original agreement, and states the mutual intent to renew.","WHEREAS, [PARTY A] and [PARTY B] entered into that certain [AGREEMENT TITLE] dated [ORIGINAL DATE] (the 'Original Agreement'); and WHEREAS, the parties desire to extend the Original Agreement for an additional term on the terms set out below;","Referencing the original agreement by informal name only without including the execution date and full party names — creating ambiguity when a party has multiple contracts with the same counterpart.",{"name":282,"plain_english":283,"sample_language":284,"common_mistake":285},"Renewal Term and Effective Date","States the exact start and end date of the renewal period so both parties have a clear, shared understanding of the new expiration.","The Original Agreement is hereby renewed for an additional term commencing [START DATE] and expiring on [END DATE] (the 'Renewal Term'), unless earlier terminated in accordance with the terms hereof.","Using relative language like 'one year from signing' without specifying a calendar date. When signature dates differ between parties, 'from signing' becomes ambiguous and unenforceable.",{"name":287,"plain_english":288,"sample_language":289,"common_mistake":290},"Updated Pricing and Commercial Terms","Records any changes to fees, rates, payment schedules, or scope of services that apply during the renewal term, superseding the original commercial terms.","During the Renewal Term, the fees payable by [PARTY B] to [PARTY A] shall be $[AMOUNT] per [PERIOD], payable within [X] days of invoice. All other payment terms of the Original Agreement remain unchanged.","Leaving pricing unchanged by silence rather than by explicit confirmation. If an amended rate was discussed but not documented, a dispute arises over which rate governs.",{"name":292,"plain_english":293,"sample_language":294,"common_mistake":295},"Incorporation of Original Agreement Terms","States that all terms of the original agreement not expressly modified by the renewal continue in full force, avoiding the need to restate the entire contract.","Except as expressly modified herein, all terms and conditions of the Original Agreement are hereby incorporated by reference and shall continue in full force and effect during the Renewal Term.","Failing to include this clause and then restating only some original provisions — creating ambiguity about whether omitted clauses are still in effect.",{"name":297,"plain_english":298,"sample_language":299,"common_mistake":300},"Conditions Precedent to Renewal","Lists any requirements each party must satisfy before the renewal becomes effective, such as clearing overdue invoices or providing updated insurance certificates.","This Renewal Agreement shall not become effective unless and until: (a) [PARTY B] has paid all amounts outstanding under the Original Agreement as of [DATE]; and (b) [PARTY A] has delivered to [PARTY B] a current certificate of insurance meeting the requirements of Section [X] of the Original Agreement.","Omitting conditions precedent entirely when outstanding obligations exist — the renewal then takes effect even if the counterpart is in breach of the original agreement.",{"name":264,"plain_english":302,"sample_language":303,"common_mistake":304},"Each party confirms that they still have the legal authority to enter the renewal, that no material breach of the original agreement exists, and that no circumstances have arisen that would prevent performance.","Each party represents and warrants that: (a) it has full authority to execute this Renewal Agreement; (b) it is not in material breach of the Original Agreement; and (c) no event has occurred that, with notice or passage of time, would constitute a material breach.","Copying representations verbatim from the original agreement without updating them to reflect the renewal context — leading to stale warranties about facts that may have changed.",{"name":306,"plain_english":307,"sample_language":308,"common_mistake":309},"Automatic Renewal and Notice of Non-Renewal","Specifies whether the renewed contract will auto-renew again at the end of the renewal term, and the advance notice window each party must use to prevent that.","Upon expiration of the Renewal Term, this Agreement shall automatically renew for successive [X]-month periods unless either party provides written notice of non-renewal at least [X] days prior to the end of the then-current term.","Setting a non-renewal notice window shorter than 30 days. In practice, procurement and legal review cycles mean parties miss short windows and are locked into unwanted renewals.",{"name":311,"plain_english":312,"sample_language":313,"common_mistake":314},"Termination for Cause","Preserves each party's right to terminate the renewed agreement immediately or on short notice if the other party commits a material breach and fails to cure it within the specified remedy period.","Either party may terminate this Renewal Agreement immediately upon written notice if the other party materially breaches any provision hereof and fails to cure such breach within [30] days of receiving written notice specifying the breach in reasonable detail.","Incorporating termination-for-cause rights by reference to the original agreement without confirming the cure period still applies — courts have found ambiguity when the renewal document is silent.",{"name":316,"plain_english":317,"sample_language":318,"common_mistake":319},"Governing Law and Dispute Resolution","Specifies which jurisdiction's law governs the renewal agreement and whether disputes are resolved through courts, arbitration, or mediation — consistent with the original agreement unless the parties have agreed to change it.","This Renewal Agreement shall be governed by and construed in accordance with the laws of [STATE / PROVINCE / COUNTRY], without regard to its conflict-of-law principles. Any dispute shall be resolved in accordance with Section [X] of the Original Agreement.","Specifying a different governing law in the renewal than in the original agreement without explicitly superseding the original provision — creating a direct conflict between two binding documents.",{"name":321,"plain_english":322,"sample_language":323,"common_mistake":324},"Entire Agreement and Counterparts","Confirms that this renewal agreement, together with the original agreement, constitutes the full understanding between the parties, and allows execution by separate counterpart signatures.","This Renewal Agreement, together with the Original Agreement and any schedules thereto, constitutes the entire agreement between the parties with respect to the subject matter hereof. This Agreement may be executed in counterparts, each of which shall be deemed an original.","Omitting the entire-agreement clause so that informal email exchanges about renewal terms can be introduced as evidence of additional obligations.",[326,331,336,341,346,351,356,361],{"step":327,"title":328,"description":329,"tip":330},1,"Identify the original agreement precisely","Enter the full legal names of both parties as they appear in the original contract, the exact title of that agreement, and its execution date. Pull the document to confirm these details rather than working from memory.","If the original agreement was amended before renewal, reference the most recent amendment as the governing document, not the original execution date.",{"step":332,"title":333,"description":334,"tip":335},2,"Set the renewal term with exact calendar dates","Enter the start date as the day immediately following the original expiration date, and calculate the end date based on the agreed renewal length. Write both dates in full — day, month, and year — to eliminate ambiguity.","Confirm the original expiration date in writing with the other party before executing — calendar errors on the original term are more common than you expect.",{"step":337,"title":338,"description":339,"tip":340},3,"Document any changes to pricing or scope","List every commercial term that is changing during the renewal — fees, deliverables, volume commitments, or service levels. If nothing is changing, state that explicitly: 'All commercial terms of the Original Agreement remain unchanged during the Renewal Term.'","Even a 0% price increase is worth documenting explicitly. It prevents a later claim that a rate discussed in negotiations was agreed but not captured.",{"step":342,"title":343,"description":344,"tip":345},4,"Set or confirm the conditions precedent","List any obligations either party must fulfill before the renewal takes effect — outstanding invoices, updated certificates of insurance, or regulatory approvals. Include a deadline for each condition.","Send a conditions-precedent checklist to the counterpart at least 30 days before the renewal date so there is time to resolve outstanding items.",{"step":347,"title":348,"description":349,"tip":350},5,"Choose automatic renewal or fixed expiry","Decide whether the renewed contract should auto-renew again at the end of the renewal term. If yes, set the non-renewal notice window — a minimum of 60 days is practical for most B2B agreements. If no, state that the agreement expires without further action.","If auto-renewal applies, calendar the notice deadline the moment the renewal is signed — missing it is the most common and costly renewal mistake.",{"step":352,"title":353,"description":354,"tip":355},6,"Confirm governing law matches the original","Check that the governing law and dispute-resolution clause in the renewal agreement is consistent with the original. If the parties have agreed to change it, state explicitly that the renewal supersedes Section X of the original.","For cross-border agreements, confirm that the chosen governing law is still legally valid for the renewed term — regulatory changes in some jurisdictions can affect choice-of-law enforceability.",{"step":357,"title":358,"description":359,"tip":360},7,"Execute before the original expiration date","Both parties must sign the renewal agreement before the original contract expires. A gap between expiration and execution creates a period where neither party has a governing document — exposing both to risk.","Start the renewal process at least 60–90 days before expiration to allow time for negotiation, review, and signature collection from all required signatories.",{"step":362,"title":363,"description":364,"tip":365},8,"Store the executed renewal with the original agreement","File the fully signed renewal agreement alongside the original contract so that anyone reviewing the relationship has the complete picture. Update your contract management system or file index with the new expiration date.","Set a calendar reminder for the new expiration date and the non-renewal notice deadline the same day you file the executed document.",[367,371,375,379,383,387],{"mistake":368,"why_it_matters":369,"fix":370},"Executing after the original contract has already expired","A renewal agreement signed after expiration may be treated as a new contract rather than a continuation — affecting how prior obligations, IP assignments, and confidentiality provisions carry through.","Start the renewal process 60–90 days before expiration and build a signed-by date into the timeline. If expiration passes before execution, have a lawyer assess whether a fresh agreement is needed.",{"mistake":372,"why_it_matters":373,"fix":374},"Relying on silence to confirm unchanged terms","If the renewal document does not explicitly address a term — such as pricing or service level — parties often assume different things, leading to disputes that are expensive to resolve without clear written evidence.","Confirm every material term in writing, either by stating it has changed or by stating explicitly that it remains unchanged from the original agreement.",{"mistake":376,"why_it_matters":377,"fix":378},"Setting a non-renewal notice window shorter than 60 days","Notice windows of 15 or 30 days routinely cause businesses to miss the deadline and get locked into another automatic renewal term they did not want.","Use a minimum 60-day notice window for most B2B agreements, and calendar the deadline immediately upon signing the renewal.",{"mistake":380,"why_it_matters":381,"fix":382},"Failing to resolve pre-existing breaches before executing","Renewing a contract while an uncured breach exists can be interpreted as a waiver of that breach, forfeiting your right to claim damages or terminate on that basis.","Use the conditions-precedent clause to require resolution of all outstanding defaults before the renewal becomes effective, and document the cure in writing.",{"mistake":384,"why_it_matters":385,"fix":386},"Omitting the incorporation-by-reference clause","Without it, the renewal agreement is a standalone document and courts may find that provisions not restated — including confidentiality and IP — no longer apply during the renewal term.","Always include a clause stating that all terms of the original agreement not expressly modified continue in full force and effect through the renewal term.",{"mistake":388,"why_it_matters":389,"fix":390},"Using different governing law in the renewal than in the original","Conflicting choice-of-law provisions in two related documents create genuine legal uncertainty about which jurisdiction's courts and statutes govern disputes arising during the renewal term.","Either match the original governing-law clause exactly or explicitly supersede it by stating 'Notwithstanding Section X of the Original Agreement, this Renewal Agreement shall be governed by the laws of [JURISDICTION].'",[392,395,398,401,404,407,410,413,416],{"question":393,"answer":394},"What is a renewal agreement?","A renewal agreement is a legally binding document that extends an existing contract for an additional period — either on the same terms or with negotiated changes to pricing, scope, or duration. It is executed before or at the expiration of the original contract and preserves the parties' obligations without requiring them to draft an entirely new agreement. It differs from an amendment, which modifies a contract mid-term rather than extending it at expiration.\n",{"question":396,"answer":397},"When should I use a renewal agreement instead of just letting the contract auto-renew?","Use a signed renewal agreement whenever any term is changing — pricing, scope, delivery obligations, or notice periods. A standalone renewal document is also advisable when the original contract's auto-renewal language is ambiguous, when the relationship is high-value or long-standing, or when you need an auditable record of both parties' consent to the new term. Auto-renewal clauses are convenient but create disputes when one party later claims they did not intend to renew.\n",{"question":399,"answer":400},"What is the difference between a renewal agreement and a contract amendment?","A renewal agreement extends the contract's term at or near its expiration date. A contract amendment modifies specific terms of an existing, in-force contract before it expires. If your contract is mid-term and you need to change the price or scope, use an amendment. If the contract is expiring and you want to continue on updated terms, use a renewal agreement. The two documents serve different functions and should not be substituted for each other.\n",{"question":402,"answer":403},"Does a renewal agreement need to be signed by both parties?","Yes. A renewal agreement is a binding contract modification and requires signatures from authorized representatives of both parties to be enforceable. A unilateral renewal notice is not sufficient unless the original contract specifically grants one party the unilateral right to renew. Always confirm that the person signing on behalf of each entity has the authority to bind that organization.\n",{"question":405,"answer":406},"What happens if the original contract expires before we sign the renewal?","If the original contract expires without a signed renewal in place, the parties are operating without a governing agreement. Courts in most jurisdictions may imply a month-to-month arrangement based on continued conduct, but key protections — confidentiality, IP assignment, non-solicitation — may no longer be enforceable. Execute the renewal before the expiration date; if that window has passed, consult a lawyer about whether a fresh agreement is needed to restore full protection.\n",{"question":408,"answer":409},"Can I change pricing and other terms in a renewal agreement?","Yes. A renewal agreement can continue the original terms unchanged or replace specific provisions — including fees, service levels, deliverables, and notice periods — for the renewal term. Any term not explicitly modified in the renewal continues under the original contract's language. Document every change, even a confirmed 0% price increase, to prevent later disputes about what was agreed.\n",{"question":411,"answer":412},"How far in advance should I start the renewal process?","For most B2B contracts, begin the renewal process 60–90 days before expiration. This allows time for internal review, commercial negotiations, legal review where warranted, and signature collection from all required signatories. High-value or complex contracts — enterprise software, commercial leases, or multi-party service arrangements — may require 90–120 days. Missing the renewal window is one of the most common and costly contract management failures in small and mid-size businesses.\n",{"question":414,"answer":415},"Are renewal agreements enforceable without a lawyer?","A properly completed renewal agreement template is generally enforceable when signed by authorized representatives of both parties, executed before the original contract expires, and clearly referencing the original agreement. Legal review is advisable when the contract value is significant, when terms are changing materially, when the relationship crosses jurisdictions, or when pre-existing breaches need to be resolved as a condition of renewal. A 1–2 hour lawyer review typically costs $300–$600 and is appropriate for renewals above $50,000 in annual value.\n",{"question":417,"answer":418},"What is an evergreen clause and should I include one?","An evergreen clause causes the contract to automatically renew for successive periods — typically monthly or annually — unless one party gives written notice of non-renewal within a specified window before the end of the current term. Include one when continuity of service is important and you want to avoid administrative gaps. Omit it, or use a fixed-expiry structure, when the relationship is project-based or when you want to force a deliberate renegotiation at each renewal. If you include an evergreen clause, always set a non-renewal notice window of at least 60 days and calendar the deadline immediately.\n",[420,424,428,432,436,440],{"industry":421,"icon_asset_id":422,"specifics":423},"Technology / SaaS","industry-saas","Annual software license and subscription renewals with updated pricing tiers, usage caps, SLA commitments, and data processing addenda that must be refreshed to maintain GDPR and CCPA compliance.",{"industry":425,"icon_asset_id":426,"specifics":427},"Commercial Real Estate","industry-real-estate","Lease renewals for office, retail, and industrial space with updated rent schedules, tenant improvement allowances, and option-to-purchase provisions distinct from the original lease.",{"industry":429,"icon_asset_id":430,"specifics":431},"Professional Services","industry-professional-services","Consulting, accounting, and legal retainer renewals that confirm the continued scope of engagement, updated hourly or fixed rates, and any change in the lead personnel assigned to the account.",{"industry":433,"icon_asset_id":434,"specifics":435},"Healthcare and Life Sciences","industry-healthtech","Vendor, supplier, and managed-services contract renewals that must confirm continued regulatory compliance, updated HIPAA Business Associate Agreement terms, and credentialing status of key personnel.",{"industry":437,"icon_asset_id":438,"specifics":439},"Manufacturing and Supply Chain","industry-manufacturing","Supplier and distributor agreement renewals addressing updated minimum order quantities, revised pricing tied to commodity indexes, and refreshed force-majeure and supply-disruption provisions.",{"industry":441,"icon_asset_id":442,"specifics":443},"Staffing and Human Resources","industry-hr","Fixed-term employment and staffing agency contract renewals confirming continued engagement, updated compensation, and renewed non-solicitation obligations between the agency, employer, and placed worker.",[445,448,450,454],{"vs":231,"vs_template_id":446,"summary":447},"amendment-agreement-D13904","A contract amendment modifies specific terms of a contract that is still in force — changing a price, deadline, or deliverable mid-term without altering the original expiration date. A renewal agreement extends the contract's term at expiration, typically with optional updates to commercial terms. Use an amendment for mid-term changes and a renewal agreement when the contract is approaching or has reached its end date.",{"vs":235,"vs_template_id":236,"summary":449},"A new service agreement replaces an expired or terminated contract with a fully negotiated document covering all terms from scratch. A renewal agreement is faster and more appropriate when the relationship is continuing on substantially similar terms — it incorporates the original contract by reference rather than restating it entirely. Use a new agreement when the scope, parties, or structure of the relationship has changed fundamentally.",{"vs":451,"vs_template_id":452,"summary":453},"Letter of Intent","letter-of-intent-D13956","A letter of intent expresses a party's intention to renew or enter a new agreement but is typically non-binding on the commercial terms. A renewal agreement is the binding executed document that creates enforceable obligations for the new term. An LOI may precede a renewal agreement during negotiations but cannot substitute for it once the parties are ready to commit.",{"vs":455,"vs_template_id":456,"summary":457},"Evergreen Auto-Renewal Clause","D{PLACEHOLDER_ID}","An evergreen clause built into the original contract renews the agreement automatically unless a party gives timely notice of non-renewal — no separate document is required. A standalone renewal agreement is appropriate when the original contract lacks an evergreen provision, when terms are changing, or when both parties want a fresh signed acknowledgment of the new term. Auto-renewal is efficient; a signed renewal agreement provides a clearer audit trail and is easier to enforce if disputed.",{"use_template":459,"template_plus_review":463,"custom_drafted":467},{"best_for":460,"cost":461,"time":462},"Standard B2B service, vendor, or staffing contract renewals on substantially unchanged terms with a value under $50,000 per year","Free","20–30 minutes",{"best_for":464,"cost":465,"time":466},"Renewals involving pricing changes, cross-border parties, pre-existing disputes, or annual contract values between $50,000 and $250,000","$300–$600","1–3 days",{"best_for":468,"cost":469,"time":470},"High-value renewals above $250,000 per year, complex multi-party or multi-jurisdiction arrangements, regulated industries, or renewals involving unresolved breach claims","$1,000–$3,500+","1–2 weeks",[472,477,482,487],{"code":473,"name":474,"flag_asset_id":475,"note":476},"us","United States","flag-us","Contract law is governed at the state level in the US, and renewal enforceability depends on the originating state's rules on consideration and modification. Most states require some form of fresh consideration for a renewal that materially changes terms — continued performance is generally sufficient for straightforward extensions. California and New York impose specific disclosure requirements for auto-renewal clauses in consumer contracts; B2B renewals are less regulated but should still include clear notice provisions. Non-compete carry-through clauses in renewed employment contracts should be reviewed for state-specific enforceability.",{"code":478,"name":479,"flag_asset_id":480,"note":481},"ca","Canada","flag-ca","Canadian contract law requires that renewal agreements include consideration — typically continued performance or adjusted compensation — to be enforceable across all provinces. In Quebec, contracts must be in French for provincially regulated businesses, and renewal agreements are subject to the same bilingual requirements. Ontario and British Columbia have specific rules on automatic-renewal clauses in consumer contracts; commercial renewals have more flexibility but benefit from explicit notice provisions. Severance and notice obligations under provincial employment standards acts apply to renewed fixed-term employment contracts and cannot be contracted out.",{"code":483,"name":484,"flag_asset_id":485,"note":486},"uk","United Kingdom","flag-uk","Under English law, a renewal agreement requires consideration to be binding — continued obligations and updated commercial terms typically satisfy this requirement. The Landlord and Tenant Act 1954 provides business tenants with a statutory right to renew commercial leases, subject to the landlord's grounds for opposition; lease renewal agreements should confirm whether the tenancy is protected or excluded. Auto-renewal clauses in B2B contracts are generally enforceable but may be subject to the Unfair Contract Terms Act 1977 reasonableness test in standard-form agreements. Post-Brexit, cross-border renewal agreements with EU counterparts should confirm which jurisdiction's law governs.",{"code":488,"name":489,"flag_asset_id":490,"note":491},"eu","European Union","flag-eu","EU member states each have national contract laws, but renewal agreements must generally comply with the EU's Unfair Commercial Practices Directive and the Consumer Rights Directive where consumer parties are involved. GDPR data processing addenda incorporated by reference in the original agreement should be reviewed and updated at renewal to reflect any changes in data flows, sub-processors, or retention periods — a renewal is a natural trigger for a GDPR compliance review. In Germany and France, significant unilateral changes to commercial terms at renewal may require additional notice periods beyond what the original contract states. Auto-renewal clauses in B2C contracts face strict transparency requirements across most member states.",[493,236,243,494,495,239,496,497,498,499,500,501],"amendment-agreement-D13872","letter-of-intent_acquisition-of-business-D5197","independent-contractor-agreement-D160","non-disclosure-agreement-nda-D12692","employment-agreement_at-will-employee-D541","exclusive-lease-agreement-D12808","termination-agreement-D13787","purchase-order-D1411","master-service-agreement-D12657",{"emit_how_to":184,"emit_defined_term":184},{"primary_folder":94,"secondary_folder":504,"document_type":505,"industry":506,"business_stage":507,"tags":508,"confidence":513},"terms-and-warranties","agreement","general","all-stages",[509,510,505,511,512],"contract","legal","renewal-agreement","extension",0.95,"\u003Ch2>What is a Renewal Agreement?\u003C/h2>\n\u003Cp>A \u003Cstrong>Renewal Agreement\u003C/strong> is a legally binding document that formally extends an existing contract for an additional term once the original period is approaching or has reached its expiration date. Rather than requiring both parties to negotiate and draft a new contract from scratch, a renewal agreement incorporates the original contract by reference, confirms the new term dates, records any updated commercial terms — pricing, scope, service levels — and re-establishes both parties' obligations on a clear, signed basis. It is used across virtually every contract type: vendor and supplier agreements, commercial leases, service retainers, software licenses, employment arrangements, and consulting engagements.\u003C/p>\n\u003Ch2>Why You Need This Document\u003C/h2>\n\u003Cp>Allowing a contract to expire without a signed renewal creates a dangerous gap in your legal protection. During any period when no governing agreement is in place, confidentiality obligations, intellectual property assignments, and non-solicitation restrictions may no longer be enforceable — and either party can walk away without the notice or severance provisions the original contract required. Relying on informal email exchanges or verbal agreements to extend a contract is even riskier: courts apply jurisdiction-specific defaults to fill the gaps, and those defaults almost never favor the party that failed to document the renewal. For ongoing vendor or service relationships, a missing renewal also means there is no clear record of the updated pricing or scope that both parties actually agreed to, turning every invoice dispute into a credibility contest. This template gives you a structured, attorney-reviewed starting point that captures every material term of the renewed relationship in a single signed document — protecting both parties and eliminating the ambiguity that causes contract disputes to escalate.\u003C/p>\n",1781186001319]