{"id":2126,"date":"2023-08-17T13:00:00","date_gmt":"2023-08-17T17:00:00","guid":{"rendered":"https:\/\/inversetech.com\/?p=2126"},"modified":"2023-08-07T11:46:46","modified_gmt":"2023-08-07T15:46:46","slug":"do-you-know-when-your-internet-service-contract-expires-no-uh-oh","status":"publish","type":"post","link":"https:\/\/inversetech.com\/do-you-know-when-your-internet-service-contract-expires-no-uh-oh\/","title":{"rendered":"Do You Know When Your Internet Service Contract Expires? No? Uh-Oh"},"content":{"rendered":"\n\n[et_pb_section fb_built=&#8221;1&#8243; _builder_version=&#8221;4.21.2&#8243; _module_preset=&#8221;default&#8221; hover_enabled=&#8221;0&#8243; global_colors_info=&#8221;{}&#8221; custom_padding_last_edited=&#8221;on|phone&#8221; custom_padding_phone=&#8221;10px||||false|false&#8221; sticky_enabled=&#8221;0&#8243;][et_pb_row _builder_version=&#8221;4.21.0&#8243; _module_preset=&#8221;default&#8221; locked=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.21.0&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.21.2&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<p><span style=\"font-weight: 400;\">Tech and telecom service providers love to low-ball new customers to make the sale. That\u2019s nothing new. But one thing many of those customers, all aglow with a great shiny new monthly rate, forget is that they may have signed paperwork that allows the service provider to keep them hooked for a very long time. They do that through auto-renew or evergreen tech and telecom contractual agreements. These agreements automatically renew at the end of their initial term or contract period. It is a commonplace practice. Here are some things you should know if you are in one or are about to sign one.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">One way a service provider can offset the promotional rate is to keep you locked in for a long time. That\u2019s what these contracts do. They automatically renew unless one party provides notice to terminate the agreement within a specified timeframe. If no action is taken, the contract extends for another term. You can bet the service provider will not remind you that your agreement is auto-renewing. You likely won\u2019t realize it until AFTER the fact.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">When was the last time you looked at your contract? Your provider would prefer you not do that because it may include some provisions for price increases or other modifications you might not be happy about, giving them opportunities to collect more or even deliver less.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">First, look at the contract and find the part that tells you how much notice you must give them if you want to terminate. If you\u2019re thinking of switching service providers, this is critical. Timing is everything. Don\u2019t end up being locked in for another multi-year agreement because you didn\u2019t take action in time.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">And seeing your costs go up AFTER the contract is automatically renewed is a really unpleasant surprise. Sorry but you\u2019re stuck, or maybe you\u2019re not. Some contracts allow you to pay penalties to get out, but they are often so steep that customers choose to just stick it out.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Our tech expense management team can help. It\u2019s part of their job. Some of our clients have multiple contracts and agreements, so many it would be difficult for them to monitor and manage. That\u2019s just one of the things we do for them to ensure that, as each contract is approaching expiration, we only allow auto-renewal when it is to the client\u2019s benefit.\u00a0 Otherwise, we\u2019re busy reviewing options for our clients to ensure they aren\u2019t \u201cstuck\u201d with an overpriced service.\u00a0It\u2019s just one more way we help clients save money and improve productivity.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Let\u2019s talk about how we can save you even more money with a tech\/telecom audit (including a review of your auto-renew contracts) and see other areas where we can reduce your costs. It starts with a phone call &#8211; 800-854-2444 or a visit to\u00a0<\/span><a href=\"http:\/\/www.inversetech.com\"><span style=\"font-weight: 400;\">www.inversetech.com<\/span><\/a><span style=\"font-weight: 400;\">\u00a0for more information.<\/span><\/p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section]\n\n","protected":false},"excerpt":{"rendered":"<p>Tech and telecom service providers love to low-ball new customers to make the sale. That\u2019s nothing new. But one thing many of those customers, all aglow with a great shiny new monthly rate, forget is that they may have signed paperwork that allows the service provider to keep them hooked for a very long time. [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":2115,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"1080","footnotes":""},"categories":[13],"tags":[],"class_list":["post-2126","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology-expense-management"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Do You Know When Your Internet Service Contract Expires? No? Uh-Oh - Inverse<\/title>\n<meta name=\"description\" content=\"Do you know when your internet service contract expires? 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