The activities associated with distributing the updates to the existing (renewed) contract or the new contract (replacing the expiring contract).
Typically this is significantly less effort than distributing a new contract and the associated new customer setup activities. A renewal generally requires less master data maintenance in ERP and other relevant systems.
The word contract in the process name should be interpreted in the widest form as needed for its application: Some use cases apply different names to the contract: 'general terms and conditions', 'user agreement', 'membership', Memorandum of Understanding, 'treatment agreement'. Inquiry-to-Order