Jimini AI
By Jimini AI
Major changes may require a formal amendment or renegotiation.
Renewal Terms:
Usually an annual or multi-year contract that automatically renews unless either party provides notice (commonly 30-90 days prior).
Automatic renewal clauses are standard but often with an opportunity for clients to negotiate or opt out.
Cancellation Policy:
Typically, a written notice is required (e.g., 30 days before renewal).
Early termination may involve penalties or fees, depending on the contract.
Data retrieval or export might be required before cancellation.
Refunds & Penalties
Refund policies vary; some contracts offer pro-rata refunds for unused periods.