Renewal: Renewable products transfer to renewal quotes. Standard renewable contracts have end dates, terms, and an option to renew.
Evergreen: don't have any end dates and, therefore, don't need to be renewed. This supports an open-ended term of service that allows for customers or providers to cancel or terminate the subscription at any point.
Evergreen and Renewable products can’t coexist in a bundle.
Guidelines for Evergreen Subscriptions: https://help.salesforce.com/s/articleView?id=sf.cpq_evergreen_limitations.htm&type=5
Quote and Manage Evergreen Subscriptions: https://help.salesforce.com/s/articleView?id=sf.cpq_evergreen_use.htm&type=5
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