LACAZETTE'S CONTRACT RENEWAL WITH LYON PROGRESSES smoothly: Both sides have reached a three-year deal.

The LACAZETTE's contract renewal with Lyon Progresses smoothly: Both sides have reached a three-year deal.

Both parties involved in the negotiations for the renewal of LACAZETTE's contract, which is currently set to expire on June 30th, have reached a mutually agreed upon agreement. The agreement was signed on the 24th of February and includes provisions that will ensure a smooth transition of ownership between the parties.

The terms of the new contract include several key features that were discussed during the negotiation process. One of the most notable changes is the extension of the term of the contract by three years. This means that LACAZETTE will continue to receive payments from Lyon throughout the remainder of its life, while also benefiting from any potential increases in value or market demand over the next few years.

Another important aspect of the new agreement is the provision of financial security for LACAZETTE. The company has received guarantees from both parties, which provide a safety net in case of any unforeseen events that may arise during the contract's term. These guarantees are intended to help the company weather any challenges that may come its way.

In addition to the financial security provided by the guarantee, the new contract also includes provisions for the termination of the contract early if either party wishes to terminate it voluntarily. This ensures that both parties can move forward with their respective plans without any further complications.

Overall, the new contract with Lyon Progresses represents a significant milestone in the ongoing negotiations for the renewal of LACAZETTE's contract. It demonstrates the strength of the relationship between the two companies and the commitment to continuing to work together towards the best interests of both parties. As we await the completion of this crucial step in the process, we remain confident that both parties will be able to successfully navigate the future challenges ahead.