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Contract Renewal Proposal
1. Letter Header: Company letterhead, date, and recipient's contact details
2. Reference Line: Clear reference to the original contract number/identifier
3. Opening Salutation: Formal greeting to the appropriate contact person
4. Original Agreement Reference: Brief description of the existing agreement, including its effective date and parties
5. Renewal Proposal: Clear statement of the proposed renewal terms, including duration and any modifications
6. Key Terms: Summary of any key terms that will continue or change in the renewal period
7. Renewal Process: Steps required to accept the renewal and relevant deadlines
8. Contact Information: Details of who to contact for questions or discussion
9. Closing: Professional closing with signature block and company details
1. Price Adjustments: Include when there are changes to pricing structures or rates
2. Service Level Updates: Include when there are modifications to service levels or deliverables
3. Compliance Updates: Include when new regulatory requirements need to be addressed
4. Term Sheet: Include when multiple terms are being modified and need to be presented in a structured format
5. Performance Review: Include when the renewal is conditional on or influenced by past performance
1. Schedule A - Pricing Details: Detailed breakdown of current and proposed pricing structures
2. Schedule B - Updated Terms Summary: Comparison table showing current vs. proposed terms
3. Schedule C - Timeline: Key dates for the renewal process and implementation
4. Appendix 1 - Performance Metrics: Historical performance data if relevant to the renewal
5. Appendix 2 - Updated Service Specifications: Any modified service specifications or scope changes
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