TL;DRThe term that says what happens when the contract's end date arrives — and usually what the price becomes.
Most B2B agreements renew automatically for a further term unless one side gives notice, often with a stated price change such as a 5% uplift.
When the contract is read and the next term has already arrived, or is under one billing cycle away, Sonic appends the renewal phases with the clause's stated change so the schedule keeps billing without a gap. The operator sees them as phases and can adjust before approving.
Where it happens in Sonic
Next
See it on your contracts
A walkthrough on the agreements and files you actually bill from — not a slide deck.