{"iri":"https://folio.openlegalstandard.org/R85duVZEHXyts6z5ITtUAyz","label":"Renewal Option Clause","sub_class_of":["https://folio.openlegalstandard.org/RDe0RKU39BlhcyACJW30ZLc"],"parent_class_of":[],"is_defined_by":null,"see_also":[],"comment":null,"deprecated":false,"preferred_label":null,"alternative_labels":[],"translations":{"fr-fr":"Clause d'option de renouvellement","es-es":"Cláusula de Opción de Renovación","es-mx":"Cláusula de Opción de Renovación","pt-br":"Cláusula de opção de renovação","en-gb":"Renewal Option Clause","de-de":"Verlängerungsoption Klausel","he-il":"סעיף אפשרות חידוש","hi-in":"नवीनीकरण विकल्प शर्त","ja-jp":"更新オプション条項","zh-cn":"续约选项条款"},"hidden_label":null,"definition":"A Renewal Option Clause is a provision in a contract that grants one or both parties the right to extend the term of the agreement for an additional period of time upon the expiration of the initial term.","examples":[],"notes":[],"history_note":null,"editorial_note":null,"in_scheme":null,"identifier":null,"description":null,"source":null,"country":null}