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Contract Renewal Proposal
1. Letter Header: Company letterhead, date, and recipient's contact details
2. Reference Line: Clear reference to the original contract number/identifier
3. Opening Salutation: Formal greeting to the appropriate contact person
4. Original Agreement Reference: Brief description of the existing agreement, including its effective date and parties
5. Renewal Proposal: Clear statement of the proposed renewal terms, including duration and any modifications
6. Key Terms: Summary of any key terms that will continue or change in the renewal period
7. Renewal Process: Steps required to accept the renewal and relevant deadlines
8. Contact Information: Details of who to contact for questions or discussion
9. Closing: Professional closing with signature block and company details
1. Price Adjustments: Include when there are changes to pricing structures or rates
2. Service Level Updates: Include when there are modifications to service levels or deliverables
3. Compliance Updates: Include when new regulatory requirements need to be addressed
4. Term Sheet: Include when multiple terms are being modified and need to be presented in a structured format
5. Performance Review: Include when the renewal is conditional on or influenced by past performance
1. Schedule A - Pricing Details: Detailed breakdown of current and proposed pricing structures
2. Schedule B - Updated Terms Summary: Comparison table showing current vs. proposed terms
3. Schedule C - Timeline: Key dates for the renewal process and implementation
4. Appendix 1 - Performance Metrics: Historical performance data if relevant to the renewal
5. Appendix 2 - Updated Service Specifications: Any modified service specifications or scope changes
Authors
Renewal Term
Effective Date
Renewal Date
Existing Terms
Modified Terms
Renewal Notice Period
Parties
Services
Updated Fees
Acceptance Period
Business Day
Commencement Date
Extension Period
Force Majeure
Governing Law
Notice
Renewal Conditions
Service Levels
Term
Termination Date
Updated Pricing Schedule
Variation
Working Hours
Pricing and Payment
Service Levels
Performance Standards
Notice Requirements
Modification of Terms
Acceptance Process
Governing Law
Dispute Resolution
Termination Rights
Force Majeure
Confidentiality
Data Protection
Intellectual Property
Insurance
Liability
Assignment
Entire Agreement
Severability
Notices
Variation
Compliance with Laws
Representations and Warranties
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