<img height="1" width="1" style="display:none" src="https://www.facebook.com/tr?id=229461991482875&amp;ev=PageView&amp;noscript=1">
Gatekeeper Contract and Vendor Management Glossary

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

Glossary > R

Renewal Term

A renewal term is the fixed period for any automatic or agreed contract renewal.

By having visibility of your renewal terms, and storing them in a centralised location so they are easy to find, you can keep ahead of key dates.

Effectively managing renewals with contract management software involves:

  • Extracting renewal terms and storing them centrally
  • Gaining visibility of upcoming dates to set proactive reviews
  • Sending automated alerts to stakeholders ahead of renewals to prevent delinquent or duplicate spend. 

 

< Previous Next >
UKAS-ISO9001-Mark-cl-27_Mono
UKAS-ISO27001-Mark-cl-27_Mono
logo-reduced

Copyright © 2015 - 2024. Gatekeeper™ is a registered trademark.
close

Request your free demo of Gatekeeper

close

Top Rated CLM Software

  • Capterra_5Star_Badge
  • GetApp
  • medal-1
  • medal (2) (1)

Before Gatekeeper, our contracts
were everywhere and nowhere.

Anastasiia Sergeeva, Legal Operations Manager, BlaBlaCar

Gatekeeper is that friendly tap on the shoulder,
to remind me what needs our attention.

Donna Roccoforte, Paralegal, Hakkasan Group

Great System. Vetted over 25 other systems
and Gatekeeper rose to the top.

Randall S. Wood, Associate Corporate Counsel, Cricut

Book your Free Demo of Gatekeeper