Fourth Renewal Clause Samples

The "Fourth Renewal" clause defines the terms and conditions under which a contract or agreement may be extended for a fourth consecutive term. Typically, this clause outlines the process for initiating the renewal, such as providing written notice within a specified timeframe before the current term expires, and may specify any changes to terms, pricing, or obligations that will apply during the fourth renewal period. Its core practical function is to provide both parties with a clear, pre-agreed mechanism for continuing their relationship beyond the initial and subsequent renewal terms, thereby reducing uncertainty and facilitating long-term planning.