A/An ____ clause assumes the contract will be renewed every year unless the supplier is otherwise notified that this is not the case.
A) evergreen
B) due diligence
C) penalty
D) escape
E) None of these choices.

Question

Quizplus · Accepted Answer

An evergreen clause is a provision in a contract that automatically renews the agreement after the initial term expires, unless one of the parties gives notice that they do not wish to renew. In this case, the clause assumes that the contract will be renewed every year unless the supplier is notified otherwise.

A/An ____ Clause Assumes the Contract Will Be Renewed Every