Renewal of Contract Provision

Not less than 90 days prior to the expiration of this agreement (the “Notice Period”), company shall provide notification to executive of its intentions regarding renewal following the expiration of the employment term. If notified the company intends to enter into a new agreement, executive agrees that he will negotiate in good faith exclusively with company during the Notice Period.

General information, not legal advice. Treat this as a drafting starting point, not a finished policy — employment law varies by jurisdiction and changes often, so have a licensed attorney tailor it to your situation before you rely on it.

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