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Renewal (2)
RENEWAL (2)

Definition: An act of making a contract, etc. valid for a further period of time after it has finished.
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* All five elements should be in.


1. Purposeful, and necessary, whatever this/these is/are.

2. First or original contract was or has been fully and properly executed.

3. Act is done as stipulated in the terms of the original contract - time or timing, request or notification, consideration and recommendation, approval and endorsement/signatories, contractor(s)/sub-contractor(s), etc.

4. New validity or the period for which extension is made is clearly indicated or stated.

5. Act serves purpose(s). That is, contract that is renewed is or will be honoured/executed faithfully.
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See perfect RENEWAL (1).

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