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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 > C

Contract Renewal

Extension of the Term of a Contract, on or before the last day of the Term.

Gatekeeper allows you to capture and store Renewal Dates in a central repository so they are easily visible by relevant parties. 

You can also set automated notifications and alert stakeholders when contracts are nearing their renewal date, so action can be taken. 

Gatekeeper supports proactive renewal management so you can prevent delinquent spend.