Business, tax and funding
minimum term
In short and in plain language
The minimum term is the time a contract runs at least. Only after that can it be ended.
For subscriptions and ongoing services, it often affects the monthly price.
After that the contract goes on or ends. This depends on what was agreed.
Definition
The minimum term is the period a contract runs at least before it can be cancelled. For subscriptions and ongoing services it often affects the monthly price. After that the contract continues or ends, depending on what was agreed.