prolonged


Renewal (Latin) - extending the validity of the agreement, contract, bill payment, postponement of a commitment.

If so agreed in the contract, the extension may take place automatically, at the expiry of the original date, after the occurrence or non-existence of the circumstances indicated. For example: a term contract can be extended indefinitely unless either party requests a termination of the contract.

The circumstances justifying the extension can also be strengthened.

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