Tag: Clause

A contract clause database helps store all preapproved clauses to keep the contract management processes compliant and mitigate risks related to the agreement designs. The library is considered a secure contract repository for storage purposes. The following blog highlights the significance of a contract clause database and other significant details.

Automatic Renewal Clauses are contract clauses that automatically renew the contract after a specified period. If you want to stop using the product or service, you must contact the company and cancel your subscription before the original term expires. Otherwise, you will continue paying for another term, at the end of which, you will likely receive another renewal notice prompting you to renew your subscription again.