Beware of auto-renewing contracts.
In the UK there are laws to protect consumers from unfair contract terms. However, commercial parties have less protection and are generally free to bind themselves to whatever terms without fear of court intervention.
As businesses outsource an increasing number of activities, it is important to fully understand what you are committing to when you sign a contract with a third party.
This is especially true for automatically renewable contracts. For some, they are convenient, ensuring services continue uninterrupted. For instance, if you forget to renew your web hosting and haven’t agreed to automatically renew or made other provisions, your website will likely go down when the contract expires. This could have a detrimental effect on your business. Read more