How to use this document
This letter is used to renew a business contract for another period as agreed by the parties. This letter may or may not negotiate the new terms or propose to keep the new terms of the business contract which is proposed to be renewed.
The period of renewal is often specified in this agreement. This letter may be used to renew a yearly supply business contract, a contract for service, etc.
This document is used by a business owner to facilitate the renewal of a contract with a company or individual prior to the expiration of the existing contract.