Late renewal reinstatement fee
Catalog row in Vendor License Programs · Cited
- Kind
- Renewal
- Term
- Applies on late renewal
- Definition
- Products Terms 9: for late renewals of term licence subscriptions, the customer is charged a reinstatement fee equal to fifteen percent of the annual value of the renewal fee, plus retroactive fees from the original expiry date.
- Commercial rules
- Applies to late renewals of term-licence subscriptions. The federal terms do not contain this clause.
- Applies to
- Term licence subscriptions
- Related metrics