Define: Automatic renewal

How is Automatic renewal defined in a legal contract?

• Automatic renewal means a procedure where an agreement, subject to [law], can be continued with altered terms. Before the agreement period ends, a notice should be issued, indicating a date by which you must inform [organization] if you do not want to continue your agreement. If no communication is received by the given date, the agreement will continue at the established rate. Any changes to the agreement will be communicated at least [number] days in advance. Seen in 156 SEC filings.
• Automatic renewal means a plan or arrangement where a paid subscription automatically continues at the end of a fixed term for a later term. Seen in 44 SEC filings
• Automatic renewal means a process by which membership in a managed care group is renewed automatically without requiring to contact the [organization] Seen in 9 SEC filings.
• Automatic renewal means a plan where a paid subscription or purchasing agreement with a term longer than [number] days automatically continues at the end of a defined period for a term of more than [number] days. Seen in 6 SEC filings.
• Automatic renewal means a plan where a paid subscription or purchasing agreement automatically continues at the end of a firm term for a subsequent period, which should last longer than [number] days. Seen in 5 SEC filings.

Note: The Genie AI Legal Assistant pulled this data out of the SEC EDGAR Database of 500,000 records from the past 22 years of filings. We regularly update this page as new filings and definitions come in.

Search EDGAR for 'Definitions of automatic renewal' yourself to verify these results. We are always keen to point people to source documents.

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Which definition should you use?

🤔 Our AI Legal Assistant has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.

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Genie Definition 1

• Automatic renewal means a procedure enabling continuation of paid subscriptions or agreements at the end of fixed terms, as informed by [organization].

Relevant Contract Types

• Subscription Agreement
• Service Contract
• License Agreement
• Leasing Agreement

Relevant Circumstances

• Recurrent software product licensing.
• Regular supply of physical goods.
• Providing monthly services like gyms or streaming entertainment services.
• Long term real estate rentals or vehicle leasing.

Relevant Sectors

• Technology
• Real Estate
• Media & Entertainment
• Consumer Goods

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Genie Definition 2

• Automatic renewal means a planned arrangement where membership or subscriptions refresh automatically without requiring contact from the member.

Relevant Contract Types

• Membership Contract
• Insurance Policies

Relevant Circumstances

• Annual memberships for professional bodies or institutions.
• Policies that require yearly renewal, like insurance policies.

Relevant Sectors

• Healthcare
• Education
• Insurance
• Financial Services

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