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.

Mentioned in these terms

Popular 'Agreements & Contracts' Terms

option to renew in the news

Loading...

This content can be found on the following page:

http://www.businessdictionary.com/definition/option-to-renew.html

Search for another term



Tools

option to renew is...

... in the Agreements & Contracts and Purchasing & Procurement subjects.

Nearby Terms

Search volume for option to renew

Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z