Skip to main content
Contract Duration Types
Daniella Sjöberg avatar
Written by Daniella Sjöberg
Updated this week

Contracts vary based on how long they last and how they are renewed:

  • Recurring Contract: Automatically renews at the end of each billing cycle unless terminated by either party. These are typical for subscriptions where ongoing access is required.

  • Renewable Contract: Requires the client to take action at the end of the contract term to extend it. It will not automatically renew without explicit client approval, often used for fixed-term agreements.

  • Perpetual Contract: Provides indefinite access unless actively terminated. These contracts usually apply to one-time purchases that grant permanent access to a product or service.

Did this answer your question?