option to renew
Definition
Provision in a contract under which the buyer, lessee, or obligor has the choice of reinstating the concluded-contract for another term.
email to a friend
print this definition
cite this definition
link to this page
option to renew is in the Agreements & Contracts and Purchasing & Procurement subjects.
option to renew appears in these other term: lease with option to renew
This content can be found on the following page:
http://www.businessdictionary.com/definition/option-to-renew.html







