Automatic Renewal

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Automatic Renewal

A way a business attempts to create residual income in which it sells a certain, stated order to a customer at regular intervals until the customer cancels. For example, an online dating site may renew a membership every 30 days until the client decides not to continue. The term especially applies to memberships and other intangible orders.
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Automatic renewals often ignore these changes in circumstance.
lt;p>Security companies have been offering automatic renewals to their customers for nearly a decade now, but in the past few year it's become much more common in the antivirus industry.
Keynote presentations, 30 seminars and "power panels" feature leaders in circulation and marketing discussing new federal laws, customer relationship management, converting non-paid circulation into paid, making a website a marketing tool, digital distribution, auditing, renewals, going international, controlled circulation, automatic renewals, postal rules, e-newsletters, and partnership marketing.
Thereafter, automatic renewals apply for one-year periods.
Clarke Price, CEO of the Ohio Society and SSLLC chair, informed state society executives in early October that the contract was being revamped and would likely be a three-year contract, not a 10-year contract with 10 automatic renewals at 10 years each, as originally designed.
The lease agreement is for five years, with automatic renewals for 25 years more.
But it still allows renters of co-op units that were in place prior to that time to be afforded automatic renewals and rent protections.
An asset may have a fixed life that can be extended by automatic renewals.
private label credit card program for the retailer's Zales, Zales Outlet and Gordon's brands for a term of five years with automatic renewals for successive two-year terms, effective October 1, 2010.
The agreement was also amended to include automatic renewals for one- year terms unless notified by AT&T of its intention to terminate the agreement.
This commission does not permit such automatic renewals of contracts as all boxers and managers must personally appear before a California Commission representative to sign an original or renewal contract.
Currie's prior employment agreement was scheduled to expire on February 22, 2010, subject to automatic renewals for one-year terms.

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