In short
An auto-renewal clause makes a contract renew by itself at the end of its term, unless someone gives notice in time.
What it means for you
If nobody acts, you are bound for another term, often on the same terms and sometimes at a higher price. The notice period decides the last day you can stop it.
Where to find it
In the clause on term and renewal. Check the order form and any schedule too: they can set a different renewal term or notice period.
What to look for
- How long each renewal term lasts
- How much notice you must give, and how
- Whether prices can rise on renewal
- Whether both sides can stop the renewal, or only one
How Gathersense helps
Key dates finds the renewal term and the notice period, works out the last day to act and reminds the people who own the contract 90, 30 and 7 days before.
