Renewal
Term · Law · MLC-T-LAW-004223
The act of extending the term or validity of a contract, lease, license, or other legal agreement for an additional period. This typically involves an agreement between the parties to continue the existing terms or to modify them for the new period. A common example is the renewal of a residential lease for another year.
| Identifier | MLC-T-LAW-004223 |
|---|---|
| Field | Law |
Record as JSON
{
"id": "MLC-T-LAW-004223",
"term": "Renewal",
"field": "Law",
"definition": "The act of extending the term or validity of a contract, lease, license, or other legal agreement for an additional period. This typically involves an agreement between the parties to continue the existing terms or to modify them for the new period. A common example is the renewal of a residential lease for another year.",
"url": "https://mlchart.com/terminology/law/renewal/"
}
Record 4,283 of 5,441 in Law terminology (MLC-0107). Request the full dataset.