Land delegation involves a delicate balance between owners and stewards, and one of the key dynamics explained in this article revolves around the termination and extension of contracts, giving both parties the flexibility to adapt to changing circumstances.
Extending Contract
Making an Extension Proposal
Step 1: Go to the Active Contract tab on the Dashboard page, then click the contract that you want to manage.
Alternatively, you can manage the contract by clicking the three dots next to the contract on the list.
Step 2: Click on Propose Extension.
Step 3: Choose how many days you would like to extend the contract for, then click Propose Extension and sign the transaction with your wallet.
NOTE: You can extend the contract by a maximum of 1 month for each extension.
Step 4: You'll receive a confirmation message about the request. The contract will be extended if the other party agree to the extension.
Accepting an Extension Proposal
Step 1: On the Active Contract tab on the Dashboard page, you'll see the Wait for extension approval tag on contracts with pending proposals. Click on Approve to approve the proposal.
Step 2: Click the Confirm button on the confirmation pop-up, then sign the transaction with your Ronin wallet.
The contract will then be extended for the proposed period.
Terminating Contract
Making an Termination Proposal
Step 1: Go to the Active Contract tab on the Dashboard page, then click the contract that you want to manage.
Alternatively, you can manage the contract by clicking the three dots next to the contract on the list.
Step 2: Click on Terminate Contract.
NOTE: This option will not be shown if you don't have any permission to terminate the contract.
Step 3: If you have the sole rights to terminate the contract, a confirmation of the termination will pop up. Click Confirm and sign the transaction with your wallet to finalize the termination of the contract.
If the contract termination requires the approval of the other party, it will show a termination request confirmation. Click Request and sign the transaction with your wallet to proceed with the Termination request, then the contract will be terminated once the other party approves the request.
Accepting a Termination Proposal
Step 1: On the Active Contract tab on the Dashboard page, you'll see the Wait for termination approval tag on contracts with pending termination proposals. Click on Approve to approve the proposal.
Step 2: Click the Confirm button on the confirmation pop-up, then sign the transaction with your Ronin wallet.
The contract will then be terminated upon approval.