Automatic annual renewal
Catalog row in Vendor License Programs · Cited
- Kind
- Renewal
- Term
- One year unless the Ordering Document states otherwise
- Aliases
- Auto-renewal
- Definition
- General Terms 9(a): unless the Ordering Document says otherwise, the Agreement renews annually unless either party gives at least 30 days written notice.
- Commercial rules
- Onvio terms: one-year terms renew unless 90 days notice is given, and a renewal increase above the greater of 5% or CPI allows termination. UltraTax CS renews automatically each year. Prices may change at renewal on 60 days notice (General Terms 4(b)).
- Applies to
- Thomson Reuters Services; UltraTax CS; Tax & Accounting products under Onvio terms