In plain English
This is an official communication between the contract parties. It tells the other party that the agreement will end at the close of its present term instead of continuing into a new one.
In context
Here, it means the formal message option used to state that the contract will not continue into a new term after the current one ends.
- Situation
- Processing amendments, renewals, extensions, suspension, and termination
- What it communicates
- names a formal message option declining renewal
Meaning limits
By itself, the term does not say why renewal is being declined or what other contract changes, if any, are involved.
Examples
“Rather than cancel the lease early, the owner sent a notice of non-renewal for the term ending in June.”
“The company gave the distributor a notice of non-renewal instead of signing another annual term.”