Set Up Renewal Rules
Do this to set up renewal rules for service contracts:
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Navigate to Manage Contract Rules from the Setup tasks side panel.
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In the Renewal Rules Templates tab, click Create.
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Enter Template Name, Renew Before End Date, Minimum Renewal Duration, Renewal Duration, Period, and Renewal Process.
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Along with that, provide Coterminate, Renewal Level, Customer Acceptance, and Internal Approval.
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Set the Price Adjustment Type to enable Price Adjustment Basis and Price Adjustment Value.
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Choose the Billing Template you created in the Billing Templates tab.
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Save and Close the renewal rules.