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contract renewal
[ˈkɑːntrækt rɪˈnjuːəl]
noun
pl: contract renewals
renovação de contrato
1.
The act of extending or continuing an existing contract for an additional period under the same or similar terms
The contract renewal is scheduled for next month.
A renovação do contrato está programada para o próximo mês.
2.
The process of renegotiating and formalizing the continuation of a business agreement
We are currently in discussions regarding the contract renewal with our supplier.
Estamos atualmente em negociações sobre a renovação do contrato com nosso fornecedor.
Synonyms
contract extension
contract continuation
renewal of contract
prolongation of contract
Antonyms
contract termination
contract cancellation
contract expiration
Regional Variations
General Brazilian
renovação de contrato
Standard usage across Brazil
São Paulo
renovação de contrato
Common in business and corporate contexts
Portugal
renovação do contrato
Use of definite article is more common; also 'prorrogação de contrato' in legal contexts
Related Idioms & Phrases
renew a contract
sign a contract renewal
negotiate contract renewal terms
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