Contract Renewal Letter Template [Nigeria]
Updated June 25, 2023
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.
How to use this
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.
Other names for
- Renewal Contract Letter.
Applicable Laws in Nigeria
- Companies and Allied Matters Act, 2020
- Contract Law of a State, e.g. Law Reforms (Contract law), Lagos State, 2015