What are clauses in a contract that automatically renew it if adequate notice is not given called?

The correct term for clauses in a contract that automatically renew it if adequate notice is not given is "Auto-renewal Clauses." These clauses are designed to ensure that a contract continues in effect after the initial term expires unless one of the parties provides a notice of termination within a specified period. This is particularly useful in long-term agreements, as it helps to prevent any gaps in the contractual relationship.

Auto-renewal clauses can protect both parties by providing stability and continuity in ongoing relationships. They also eliminate the need for frequent renegotiations, which can save time and resources. However, it is essential for both parties to understand the terms of such clauses, including how and when to give notice if they do not want to continue the agreement.

The other options do not accurately describe this specific type of clause. Termination clauses deal with the conditions under which a contract can be terminated by either party. Force Majeure clauses refer to unforeseeable circumstances that prevent a party from fulfilling the contract. Renewal terms typically outline the conditions under which a contract can be renewed but don’t specify the automatic renewal aspect based on notice.