Verlängerungsoptionen
Verlängerungsoptionen are terms within a contract that grant one or more parties the right to extend the duration of the agreement beyond its initial expiration date. These options are typically pre-negotiated and outlined in the original contract. The specific conditions for exercising a verlängerungsoption, such as notification periods, potential changes in terms, or renewal costs, are crucial details that must be clearly defined.
These options are common in various contractual relationships, including leases, service agreements, employment contracts, and financial
The exercise of a verlängerungsoption usually requires a formal notification from the party wishing to extend