CONTRACT RENEWAL PERIOD Sample Clauses
The CONTRACT RENEWAL PERIOD clause defines the timeframe and conditions under which an existing contract may be extended beyond its original term. Typically, this clause specifies whether renewal is automatic or requires notice from one or both parties, and may outline the length of each renewal period, such as annual or month-to-month extensions. Its core practical function is to provide predictability and structure for ongoing business relationships, ensuring both parties understand how and when the contract can continue or end, thereby reducing uncertainty and potential disputes.
CONTRACT RENEWAL PERIOD. FURNITURE ADDITIONS/DELETIONS: Contractors wishing to make furniture additions/changes to their contract during the contract period should be aware of the following additions/changes will be allowed only once during a contract period. No changes to discount percentages are allowed during this contract period. Additions/changes must be submitted during the contract renewal period. When requesting additions and/or changes; contractor shall submit a request either by letter or via email which shall include a list of all items being proposed for addition and/or change. Contractor shall submit all required documents supporting any new items. Product literature for all new items shall also be submitted with the request. Contractor is responsible for submitting a complete name, address, email address, phone and fax numbers when a new dealer is added.