Contract Renewal Request Letter Template for Hong Kong

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Key Requirements PROMPT example:

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."

Document background
The Contract Renewal Request Letter is a crucial business document used when an organization wishes to extend an existing contractual relationship before its expiration. This document type is particularly relevant in Hong Kong's business environment, where formal written communication is highly valued in commercial relationships. The letter serves as an official record of the renewal request and typically includes key information such as the original contract details, performance history, proposed renewal duration, and any suggested modifications to existing terms. It is commonly used across various industries and can be adapted to different contract types, from service agreements to lease contracts. The document must align with Hong Kong's legal requirements and business practices, particularly the Contracts Ordinance (Cap. 23) and relevant commercial regulations. A well-drafted Contract Renewal Request Letter helps maintain business continuity while providing a clear paper trail for contract management purposes.
Suggested Sections

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

Optional Sections

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

Suggested Schedules

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

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant Industries

Financial Services

Professional Services

Real Estate

Technology

Manufacturing

Retail

Healthcare

Education

Construction

Logistics and Transportation

Telecommunications

Energy and Utilities

Media and Entertainment

Hospitality

Relevant Teams

Legal

Procurement

Operations

Finance

Commercial

Business Development

Account Management

Risk and Compliance

Contract Administration

Supply Chain

Vendor Management

Project Management

Relevant Roles

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

Industries
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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