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Everything you should know about contract renewals

Whether you're an employee or business owner, contract renewals can be tricky. Learn tips and strategies to navigate the process successfully with Signeasy!

Rachana Chotia
Rachana Chotia
May 3, 2023
 min read
Everything you should know about contract renewals

Frequently asked questions

What is the contract renewal process?
The contract renewal process involves evaluating the current contract, determining the need for renewal, conducting research and analysis, negotiating the terms and conditions of the new contract, reaching an agreement, signing the contract, and managing the contract. 
Can I resign after contract renewal?
yes, if you have signed an Employment Contract, you can resign after contract renewal, keeping in mind the terms and conditions of the contract for doing so. There might be some provisions for early resignation or penalties for the breach of contract. You may need to provide notice to the other party, pay outstanding fees or penalties, and fulfill the obligations under the contract. Failing to do so may result in legal action.
How many times can a contract be renewed?
There’s no set limit for the times a contract can be renewed. The renewal completely depends on the agreement between the parties.
What happens when a contract expires?
When a contract expires, the parties involved are no longer bound by the terms and conditions outlined in the agreement. This means that any obligations or responsibilities specified in the contract no longer apply, and the parties are free to renegotiate new terms or pursue other options. In some cases, the contract may have provisions that allow for an extension or renewal, but if not, the contract is considered terminated.
Rachana Chotia
Rachana Chotia
Rachana is the Content Marketing Manager at Signeasy, where she works with the product & customer teams to create content related to eSignature and contract workflows. In her free time, she enjoys going for walks, watching anime, and reading a good book.
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