# Renewal Option Clause

**IRI:** https://folio.openlegalstandard.org/R85duVZEHXyts6z5ITtUAyz

## Labels

**Translations:**

- de-de: Verlängerungsoption Klausel
- en-gb: Renewal Option Clause
- es-es: Cláusula de Opción de Renovación
- es-mx: Cláusula de Opción de Renovación
- fr-fr: Clause d'option de renouvellement
- he-il: סעיף אפשרות חידוש
- hi-in: नवीनीकरण विकल्प शर्त
- ja-jp: 更新オプション条項
- pt-br: Cláusula de opção de renovação
- zh-cn: 续约选项条款

## 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.

## Sub Class Of

- https://folio.openlegalstandard.org/RDe0RKU39BlhcyACJW30ZLc

**Deprecated:** False