Managing agreement renewals

Agreements created from a private offer with renewal terms renew automatically at their end date unless the seller or buyer opts out. Use the Agreements page and the agreement's Renewal details tab to monitor and manage renewals.

Two columns on the Agreements page describe renewal state:

• At expiration – what happens when the agreement reaches its end date: Auto-renews, Converts to public offer, or Access ends.

• Renewal status – Auto-renewing, Opted out (you turned off auto-renewal), Buyer opted out, No renewal terms, or Renewal limit reached.

Perpetual agreements have no end date, so they show no expiration and no renewal status.

Open an agreement and choose the Renewal details tab to review the terms for the next cycle: renewal pricing (same price or an uplift), price uplift (percentage or range), renewal maximum, renewal decision deadline, default uplift percentage and adjustment deadline (percentage range), and final uplift value (Pending until set).

From the Renewal details tab you can finalize the uplift percentage and opt out of auto-renewal. Seller opt-out is a one-time action that can't be reversed; it stops the renewal and notifies the buyer. Buyers, by contrast, can opt in and out until the renewal decision deadline. Once you opt out, the buyer can't opt back in – they see Seller opted out and must request a new offer. You can opt out any time before the renewal decision deadline. After the renewal decision deadline, you can no longer opt out of auto-renewal.

The Renewal history tab traces every offer and agreement in the renewal chain, in order – past cycles and the next projected cycle.