Automatic Renewal
An automatic renewal clause is a contractual provision that automatically extends the term for a specified period of time.
Indemnification Clause
An indemnification clause is a provision in a contract that establishes when and to what extent one party will assume liability for the losses of another.
Notice Clause
A notice clause is a contractual provision that stipulates how and to whom notice must be given under a contract for it to be legally binding.
Term Clause
The term clause is a contractual provision that defines the period when the contract begins and how long it will last.