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1. Price Adjustment Mechanism: Include when the renewal terms allow for price adjustments based on specific indices or factors

2. Performance Review: Include when renewal is conditional upon meeting certain performance criteria

3. Multiple Renewal Options: Include when the agreement allows for multiple successive renewal periods

4. Change Control: Include when specific procedures are needed for making changes during the renewal period

5. Step-In Rights: Include for critical service contracts where continuity of service is essential

6. Assignment and Novation: Include when transfer of renewal rights needs to be specifically addressed

7. Market Testing: Include when renewal terms may be subject to market comparison or benchmarking

1. Schedule 1 - Original Agreement: Copy or reference to the original agreement being subject to the renewal option

2. Schedule 2 - Renewal Terms Matrix: Detailed comparison of original terms versus renewal terms, highlighting any variations

3. Schedule 3 - Renewal Notice Form: Template form for exercising the renewal option

4. Schedule 4 - Price Adjustment Calculations: Detailed methodology for calculating any price adjustments during renewal

5. Schedule 5 - Performance Criteria: Specific performance metrics that must be met to qualify for renewal

6. Appendix A - Contact Details: List of key contacts and addresses for renewal notices and communications

7. Appendix B - Timeline: Key dates and deadlines related to the renewal process