How to extend a contract
If your company has renewed a contract, you shall exercise the extension in Complete Control.

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Go to Contracts and find the contract that has been renewed.
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Open the contract in editing mode.
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Check that the status is Active and that you have entered Yes under Extension options. If not, do so now.
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Enter the dates of the extension.
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Tick Exercise .
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Save the contract.
The extension period is now active. The Expected expiration date (at the bottom of the Extension options section) is adjusted according to the extension period.