Co-terming
Also called Coterminous renewal
Co-terming aligns several contracts or add-ons with one vendor so they all end and renew on the same date.
Why it matters to a budget owner
Without co-terming, each add-on bought mid-year gets its own renewal date, and one vendor ends up with several notice deadlines.
Co-terming prorates new purchases to the main term, so you negotiate everything with that vendor once a year.
What to record
- The shared end date
- Prorated amounts for add-ons
Frequently asked questions
Should I ask for co-terming?
Usually yes when you buy add-ons mid-term. One renewal date is easier to manage and gives you more leverage.
General working knowledge about commercial contracts, not legal advice. Your own agreement governs.
Glossary
Look up related terms
- Notice deadlineThe notice deadline is the last day you can give notice to stop or change a renewal: the end date minus the notice period.