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An automatic renewal clause is used in the insurance and healthcare industries . An automatic renewal clause (also referred to as an evergreen clause), is activated towards the end of the contractual period whereby it automatically renews the terms of an agreement except when the contract is terminated (through mutual agreement or contract breach), or one of the contracting parties has sent a ...
In public policy, a sunset provision or sunset clause is a measure within a statute, regulation or other law that provides for the law to cease to be effective after a specified date, unless further legislative action is taken to extend it. Unlike most laws that remain in force indefinitely unless they are amended or repealed, sunset provisions ...
A contract is a legally binding agreement made between parties involved in a transaction for the exchange of goods or services. The agreement often comes in the form of a written instrument that provides the terms or conditions of the arrangement, each of which correspond to an obligation that one of the parties entering the agreement is obliged to fulfill.
The court found that the arbitration clause was not rendered unconscionable because an automatic distributorship renewal form sent by the Amway compelled consent to the arbitration clause. The distributors moved for rehearing on Sept. 21, 2005, which the district court denied without a hearing; the distributors appealed [ 1 ] [ 2 ]
The renewal of copyright for the second term is not an opportunity for an author to renegotiate terms made during the first term that extended beyond the first term's length. United States v. Paramount Pictures, Inc.
Your car insurance typically covers family members and friends who infrequently borrow your car, but understanding the coverage limits helps protect you from unexpected costs.
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Do’s and don’ts of buying a house from family Do. Be fully committed: “Make sure you’re 100 percent set on the property in question,” says Killinger. “Emotions can run high when it ...
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