Automatic Renewal

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.
Mentioned in ?
References in periodicals archive ?
During the dialogue, FDA officials admitted there are 2,083 applications for automatic renewal of drug licenses awaiting their approval.
The Anti Red Tape Authority (ARTA) will order the Food and Drug Administration (FDA) to implement the automatic renewal of applications as soon as possible to declog the mounting number of applications and streamline their processes to effect an efficient approval system.
the contract period is at least 2 years with automatic renewal for one year each.
Where the contract provides for renewability upon its expiry, the employer should notify the employee (before the contract's expiry date) that the contract will not be renewed.However, failure to give this notification does not amount to an automatic renewal.
In case of automatic renewal failure due to low balance, a grace period of 3 days will be given to recharge and renew the subscription.
The Agreement was subjected to an automatic renewal should there be no significant breach of the Agreement from either party.
Summary: Dubai's Roads and Transport Authority (RTA) has announced the launch of automatic renewal of vehicle registration service for individuals, having run the service earlier for the corporate sector.
Dubai's Roads and Transport Authority (RTA) has launched automatic renewal of vehicle registration service for individuals, having run the service earlier for the corporate sector.
The Roads and Transport Authority (RTA) announced on Wednesday that the automatic renewal service is now available for both private and commercial vehicles.
Last year, PNOC threatened to terminate the lease agreement and bid out the leases to other oil players unless Petron waived the contract's provision on automatic renewal.
In early 2017, PNOC threatened to terminate the lease agreement and bid out the leases to other entities unless Petron waives the contract provision on automatic renewal.
HE Ali Eissa Al Nuaimi, Director General, DED-Ajman, revealed that the launch of the 'Automatic Renewal of Trade Licence' service was developed based on the classification of the degree of risk for economic activities and also represents an exceptional achievement for the department, adding to its track record in creating easy-to-follow procedures for licence renewal.

Full browser ?