Explanation: if these are left unattended, they can have significant cost impacts with little value. if these agreements won’t work for the company, the clauses stating the contract automatically renews should be removed. if the clause makes sense or cannot be taken out, alerts can still be set in a contract management platform as a reminder.
Q. contract is one that has automatic renewals until one party requests termination.
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Correct Answer: (B)
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Explanation by: Mr. Dubey
if these are left unattended, they can have significant cost impacts with little value. if these agreements won’t work for the company, the clauses stating the contract automatically renews should be removed. if the clause makes sense or cannot be taken out, alerts can still be set in a contract management platform as a reminder.
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