Option to Renew Clause Klausel zur Verlängerungsoption Option to Renew Clause Cláusula de Opción de Renovación Cláusula de Opción de Renovación Clause d'option de renouvellement סעיף אפשרות לחידוש नवीनीकरण विकल्प शर्त 更新オプション条項 Cláusula de Opção de Renovação 续约条款 An Option to Renew Clause is a provision in a contract that grants one party the right to extend the term of the agreement for an additional period of time upon the expiration of the initial term.