To track contract renewal dates, record the key information that tells the business when a renewal decision must be made.
Useful fields include contract owner, counterparty, start date, end date, renewal date, notice period, cancellation method, contract value and current status. The notice deadline is especially important because some contracts renew automatically unless notice is given before a certain date.
Set reminders far enough in advance for the business owner, finance and legal or operations teams to review the agreement. High-value and high-risk contracts may need several reminders before the notice window closes.
This answer is general information, not legal advice.