How to spot one
Look for phrases like “shall automatically renew for successive terms” or “shall continue in effect until terminated by either party.”
Getting out
- Find the notice period and how notice must be delivered.
- Calculate the deadline for the current term.
- Send notice and get confirmation of receipt.
- Record the end date so final invoices can be checked.
Put this into practice
Upload a few contracts and LicensorFlow will find the notice deadlines for you.