The Contract Renewal Proposal is a crucial document in Nigerian business practice, typically used when an existing contract is approaching its expiration date and parties wish to continue their business relationship. This document type is essential in maintaining business continuity while allowing for necessary updates to terms and conditions. The proposal should be prepared several months before the current contract's expiration to allow adequate time for negotiation. It must comply with Nigerian contract law requirements and include specific references to the original agreement, proposed modifications, and justifications for any changes. The document serves as a foundation for renewal negotiations and should be drafted with consideration for both parties' interests, market conditions, and any relevant regulatory changes that have occurred since the original contract was executed.
Your data doesn't train Genie's AI
You keep IP ownership of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
Let Ƶ's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
1. Parties: Full legal names and addresses of all parties involved in the original contract and renewal
2. Background: Reference to the original agreement, its commencement date, and current expiration date
3. Definitions: Key terms used in the proposal, including any new terms not present in the original agreement
4. Proposed Renewal Term: Specific duration of the proposed renewal period
5. Current Performance Summary: Brief overview of the contract's performance to date
6. Proposed Changes: Detailed outline of any proposed modifications to the original agreement
7. Financial Terms: Proposed pricing, payment terms, or financial adjustments
8. Timeline: Proposed timeline for negotiation and execution of the renewal
9. Response Requirements: Instructions for responding to the proposal and deadline for response
1. Market Analysis: Include when justifying price changes or service modifications based on market conditions
2. Performance Improvements: Include when proposing new KPIs or service level improvements
3. Technology Updates: Include when proposing new technical requirements or digital solutions
4. Compliance Updates: Include when new regulatory requirements need to be addressed in the renewal
5. Risk Assessment: Include when significant changes in risk allocation are proposed
6. Sustainability Measures: Include when proposing new environmental or social responsibility provisions
1. Schedule A - Pricing Schedule: Detailed breakdown of current and proposed pricing structures
2. Schedule B - Performance Metrics: Current and proposed performance indicators and targets
3. Schedule C - Service Specifications: Detailed technical or service specifications with proposed updates
4. Appendix 1 - Historical Performance Data: Statistical data showing contract performance history
5. Appendix 2 - Market Comparison: Comparative analysis supporting proposed changes
6. Appendix 3 - Implementation Timeline: Detailed timeline for implementing proposed changes
Authors
Relevant legal definitions
Clauses
Relevant Industries
Oil and Gas
Telecommunications
Manufacturing
Information Technology
Financial Services
Construction
Healthcare
Logistics and Transportation
Professional Services
Agriculture
Mining
Real Estate
Retail
Relevant Teams
Legal
Procurement
Commercial
Operations
Finance
Compliance
Business Development
Account Management
Risk Management
Supply Chain
Contract Administration
Relevant Roles
Contract Manager
Commercial Director
Legal Counsel
Procurement Manager
Business Development Manager
Account Manager
Operations Director
Chief Financial Officer
Relationship Manager
Compliance Officer
Project Manager
Supply Chain Manager
Risk Manager
General Counsel
Managing Director
Find the exact document you need
Request For Proposal RFP Process
A template for Nigerian organizations to conduct formal Request for Proposal (RFP) processes in compliance with local procurement laws and regulations.
find out more
Request For Proposal Procurement Method
Nigerian-law compliant Request for Proposal (RFP) template for structured procurement processes, aligned with Public Procurement Act requirements.
find out more
Proposal For Quotation
A formal commercial document used in Nigerian business transactions to present detailed pricing and terms for goods or services, compliant with local commercial law requirements.
find out more
Information System Audit Proposal
A Nigerian law-governed proposal document for information system audit services, outlining audit scope, methodology, and commercial terms while ensuring compliance with local regulations.
find out more
Proposal For Architectural Services
A Nigerian-compliant proposal document for architectural services, outlining scope, fees, and terms of professional engagement under Nigerian law and ARCON regulations.
find out more
Managed Services Proposal
A Nigerian law-governed proposal document outlining managed services terms, delivery framework, and commercial conditions.
find out more
Proposal For Cleaning Services
A customizable cleaning services proposal template compliant with Nigerian regulations, outlining service specifications, pricing, and operational procedures.
find out more
Request For Proposal Bidding Process
A Nigerian law-governed document that outlines the formal process for soliciting and evaluating proposals from potential suppliers, ensuring compliance with local procurement regulations.
find out more
Proposal For Catering Services
A Nigerian law-governed catering services proposal outlining food service offerings, pricing, and operational terms while ensuring compliance with local regulations.
find out more
Payroll Services Proposal
A proposal document under Nigerian law outlining terms and conditions for professional payroll processing services, including compliance, operational, and commercial terms.
find out more
Strategic Planning Consulting Proposal
A Nigerian law-governed consulting proposal outlining strategic planning services, terms, and conditions for organizational transformation projects.
find out more
Proposal For Design Services
A Nigerian law-governed proposal document outlining terms and conditions for professional design services provision.
find out more
Proposal For Marketing Services
A Nigerian law-governed proposal document outlining marketing services, terms, and conditions for client engagement.
find out more
Proposal For Advertising Services
A Nigerian law-governed proposal document outlining advertising services, including scope, methodology, timelines, and pricing while ensuring compliance with APCON requirements.
find out more
Formal Request For Proposal
A formal Request for Proposal (RFP) document compliant with Nigerian procurement law, used to solicit competitive bids from potential suppliers or contractors.
find out more
Design And Build Proposal
A Nigerian law-governed proposal for integrated design and construction services, combining design and build responsibilities under a single contract.
find out more
Business Proposal For Bakery
A structured business proposal for establishing a bakery in Nigeria, compliant with local regulations and designed to attract investment or partnership opportunities.
find out more
Request For Proposal For Construction Project
A formal tender document used in Nigeria to solicit technical and financial proposals from contractors for construction projects, complying with Nigerian procurement laws and construction industry standards.
find out more
Standard Request For Proposal
A standardized Request For Proposal template compliant with Nigerian procurement laws, designed for soliciting comprehensive technical and financial proposals from potential contractors.
find out more
Proposal For Office Space
A formal proposal document for office space leasing in Nigeria, combining property specifications, commercial terms, and compliance with Nigerian real estate regulations.
find out more
IT Audit Proposal
A Nigerian law-governed proposal document outlining the scope, methodology, and terms for conducting an IT audit, incorporating local regulatory requirements and international standards.
find out more
Design Request For Proposal
A Nigerian-compliant Request for Proposal template for soliciting and evaluating design services proposals, suitable for both public and private sector projects.
find out more
Design Build Request For Proposal
A Nigerian-compliant Design Build RFP document for soliciting comprehensive design and construction proposals under Nigerian law.
find out more
Request For Proposal For IT Services
A formal document used in Nigeria to solicit and evaluate proposals from IT service providers, compliant with Nigerian procurement laws and regulations.
find out more
Electrical Bid Proposal
A formal electrical works proposal document used in Nigeria, outlining technical specifications, pricing, and execution plans while complying with Nigerian regulations.
find out more
Request For Competitive Sealed Proposal
A Nigerian procurement document used to solicit detailed technical and financial proposals for complex projects, governed by the Public Procurement Act 2007.
find out more
Request For Proposal For Architectural And Engineering Services
A Nigerian-compliant procurement document for soliciting architectural and engineering services proposals, following local professional practice requirements and procurement laws.
find out more
Temporary Staffing Proposal
A proposal document for temporary staffing services in Nigeria, outlining service scope, pricing, and compliance with Nigerian employment laws.
find out more
Land Survey Proposal
A Nigerian law-compliant proposal document outlining land surveying services, methodology, timeline, and commercial terms.
find out more
Engineering Services Proposal
A formal engineering services proposal document compliant with Nigerian law that outlines scope, methodology, timeline, and commercial terms for engineering projects.
find out more
Forensic Audit Proposal
A formal proposal document outlining the terms and methodology for conducting a forensic audit investigation in Nigeria, compliant with local regulations and corporate governance requirements.
find out more
Information Technology Request For Proposal
A Nigerian-law governed Request for Proposal (RFP) document for soliciting IT services and solutions, compliant with local regulations and procurement standards.
find out more
Services Proposal
A Nigerian law-compliant Services Proposal template outlining professional service engagements, terms, and delivery frameworks.
find out more
Request For Audit Services
A formal request document for professional audit services in Nigeria, compliant with local regulatory requirements and audit standards.
find out more
Marketing Request For Proposal
A formal document used in Nigeria to request and evaluate proposals from marketing service providers, compliant with local business and advertising regulations.
find out more
Architect Request For Proposal
A Nigerian-compliant request for proposal document used to solicit and evaluate architectural services from qualified firms.
find out more
Vendor Proposal
A formal business proposal document used in Nigeria to present a vendor's products, services, or solutions to potential clients, compliant with Nigerian commercial law.
find out more
Request For Proposal Development
A guide for developing legally compliant Request For Proposals (RFPs) under Nigerian law, incorporating local procurement requirements and best practices.
find out more
Management Proposal
A Nigerian law-governed document outlining proposed management structure changes and implementation strategies, ensuring compliance with local corporate regulations.
find out more
Maintenance Proposal
A Nigerian law-governed proposal document outlining maintenance services terms, conditions, and scope between service provider and client.
find out more
ұԾ’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; ұԾ’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)