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Contract Renewal Request Letter
"I need a Contract Renewal Request Letter for our IT services agreement with TechCore Solutions, requesting a 2-year extension from March 2025 with a 5% price adjustment, emphasizing our 3-year successful partnership and excellent service levels."
1. Letter Header: Complete business contact information of sender and recipient, date, and reference numbers
2. Subject Line: Clear indication that this is a Contract Renewal Request for [specific contract name/reference]
3. Opening Salutation: Formal greeting to the appropriate contact person
4. Contract Reference: Details of the existing contract including contract number, title, and current expiration date
5. Renewal Request Statement: Clear and direct statement requesting the renewal of the contract
6. Current Relationship Summary: Brief overview of the current business relationship and contract performance
7. Proposed Renewal Terms: Specific details about the requested renewal period and any continuation terms
8. Closing Statement: Expression of appreciation and request for response
9. Sign-off: Formal closing, signature block with full name and title
1. Performance Highlights: Include when there is a strong track record of performance that supports the renewal request
2. Proposed Changes: Include if requesting any modifications to the existing contract terms
3. Market Context: Include when market conditions or industry changes are relevant to the renewal request
4. Timeline for Response: Include when there are specific time constraints or deadlines for the renewal decision
5. Future Plans: Include when relevant to highlight plans for continued or expanded collaboration
1. Current Contract Copy: Attachment of the existing contract for reference
2. Performance Reports: Relevant performance metrics or reports supporting the renewal request
3. Proposed Changes Document: If applicable, detailed document outlining any requested modifications to current terms
4. Certificates and Compliance Documents: Updated certificates or compliance documents that may be required for renewal
Authors
Current Term
Renewal Period
Effective Date
Expiration Date
Renewal Terms
Contract Reference Number
Parties
Services
Existing Terms and Conditions
Renewal Notice Period
Modified Terms
Contract Price
Service Level Requirements
Extension Period
Business Day
Force Majeure
Governing Law
Notice
Authorized Representative
Financial Services
Professional Services
Real Estate
Technology
Manufacturing
Retail
Healthcare
Education
Construction
Logistics and Transportation
Telecommunications
Energy and Utilities
Media and Entertainment
Hospitality
Legal
Procurement
Operations
Finance
Commercial
Business Development
Account Management
Risk and Compliance
Contract Administration
Supply Chain
Vendor Management
Project Management
Contract Manager
Procurement Manager
Legal Counsel
Business Development Manager
Account Manager
Operations Director
Commercial Director
Chief Financial Officer
Relationship Manager
Vendor Manager
Project Manager
Facilities Manager
Supply Chain Manager
Company Secretary
Risk Manager
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