A component or clause of a contract allows an agreement to continue for a defined period if the existing agreement isn't renegotiated within a specified time measured from the expiration of the current contract. Also known as the silent extension or evergreen clause.
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A component or clause of a contract allows an agreement to continue for a defined period if the existing agreement isn't renegotiated within a specified time measured from the expiration of the current contract. Also known as the silent extension or evergreen clause.
To view a list of resources available on the SIG website on this topic, click here