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CONTRACT EXTENSION Contract Number: #121218WWG Sourcewell, 202 12th Street Northeast, P.O. Box 219, Staples, MN 56479 (Sourcewell) and W.W. Grainger, Inc., 100 Grainger Parkway, Lake Forest, IL 60045
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How to fill out contract renewal vs contract

01
Review the existing contract thoroughly to understand the terms and conditions.
02
Identify the key dates and deadlines for contract renewal.
03
Communicate with the other party to discuss any necessary updates or changes to the contract.
04
Prepare a draft of the contract renewal agreement, including any amendments or additions.
05
Consult with legal counsel to ensure the contract complies with relevant laws and regulations.
06
Negotiate and finalize the terms with the other party.
07
Sign the contract renewal agreement and ensure all parties receive a copy.
08
Keep track of important dates and deadlines throughout the contract renewal period.

Who needs contract renewal vs contract?

01
Contract renewal is needed by individuals or businesses who wish to extend the duration of an existing contract.
02
Contract renewal allows parties to continue their existing contractual relationship without having to create a brand new contract.
03
It is commonly used in employment agreements, lease agreements, service contracts, and supplier contracts.
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Contract renewal refers to extending the existing contract for a certain period of time, while contract refers to the initial agreement between the parties.
Both parties involved in the contract are usually required to file contract renewal or contract.
Contract renewal or contract can be filled out by providing necessary details and signatures by both parties.
The purpose of contract renewal is to extend the existing agreement, while the purpose of contract is to establish the initial terms and conditions.
Information such as names of parties involved, duration of contract, terms and conditions, and signatures must be reported on contract renewal or contract.
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