Practice notes

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5 min read

Reading auto-renewal clauses on a deadline

Portrait of Margaret Lindqvist

Margaret Lindqvist

General Counsel, Proviso

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A hand signing a printed agreement with a pen

Auto-renewal terms cost the most when nobody reads them until the notice window has closed.

The checklist

  • How long is the renewal term, and does it match the original term?

  • How much notice is needed to stop the renewal?

  • Can the price change at renewal, and by how much?

  • Who receives the notice, and how must it be sent?

Portrait of Margaret Lindqvist

Margaret Lindqvist

General Counsel, Proviso

Margaret was a commercial contracts partner in New York before Proviso. She writes the playbooks in our library and leads our CLE webinars.

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