Initial Term and automatic renewal
Catalog row in Vendor License Programs · Cited
- Kind
- Subscription term
- Term
- Initial Term set in the Order, then renewals of the same length
- Definition
- Online Terms of Service section 2.E: services begin on the Start Date and run for the Initial Term in the first Order, then recurring services automatically renew for successive periods of the same length unless either party gives notice at least 30 days before expiry.
- Commercial rules
- Services added later run coterminously with existing services and are billed on the same cycle. Recurring charges once incurred stay fixed for the Initial Term or current Renewal Term; a proposed increase must be notified no later than 30 days before the term ends and takes effect on the first day of the next Renewal Term.
- Applies to
- All services under the Online Terms of Service
- Related metrics