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Gatekeeper Contract and Vendor Management Glossary

Search common contracting language and take a deeper dive to discover what each means

Glossary > A

Automatic Renewal Clause

An Automatic Renewal Clause states a contract will be renewed for a certain Period without Notice by a Party unless that Party receives Notice of non-renewal from the other Party before a specified date.

If your business lacks visibility of these clauses, contracts can auto-renew and lead to delinquent spend. 

Gatekeeper provides visibility of automatic renewal clauses by allowing you to capture them in a central repository. 

You can also set automated reminders to alert you and your team about upcoming renewal dates - allowing you to act ahead of time.

Watch our Proactive Renewal Management webinar to find out more.