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An automatic renewal clause is used in the insurance and healthcare industries . An automatic renewal clause (also referred to as an evergreen clause), is activated towards the end of the contractual period whereby it automatically renews the terms of an agreement except when the contract is terminated (through mutual agreement or contract breach), or one of the contracting parties has sent a ...
An Additional Agreement to a contract is often an addendum to a contract and is simply referred to as being an extension or addition to a main contract. In today's business world additional authorisation subjects such as company seals are not usually required unless stipulated in the original agreement.
The controversy regarding stop-loss focuses mainly on the aspect involving "involuntary extension" of a service member's initial active duty service obligation. For service members opposed to involuntary extension, it represents implementation of a desultory clause in their contract which alters their expectation of an end of term of service date.
Coming off a last-place finish in the NL Central, the St. Louis Cardinals displayed confidence in manager Oliver Marmol and announced a two-year contract extension through 2026. “The most ...
The Clippers are working on offering Lue a contract extension that will keep him signed past the 2025-26 season, when his deal is set to expire, reports ESPN's Adrian Wojnarowski.
The extension cannot last more than five years after the expiration of the player's current contract (or five years for a player who is a free agent when signed), but can be negotiated and signed one year before the current contract expires. The extension can be offered to a team's own free agent as well as a player with time left on his ...
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