Auto-renewal (Renewal Order Term)
Catalog row in Vendor License Programs · Cited
- Kind
- Renewal
- Term
- Same duration as the expiring Order Term
- Definition
- MSA s.6.1: unless either party takes a non-renewal action, Orders "will automatically renew as a new Order for additional periods of the same duration as the expiring Order Term".
- Commercial rules
- Notice about 30 days before renewal for Orders of 12 months or longer (15 days for shorter Orders); non-renewal request at least 15 days before expiry; price increase on renewal capped at the greater of 9% or CPI-U for 12-month-plus Orders; credits and promotional pricing do not renew.
- Applies to
- Direct Orders under the MSA (not indirect purchases)