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Ottimate

Ottimate contract and early termination fee

We use the same template for every inventory tool we compare, so you can put contracts side by side. Each line shows its source and the date we checked it. Being billed monthly isn't the same as committing month to month.

Same template for every vendor
Ottimate contract and early termination fee
TermDetail
Initial termQuote onlyOttimate (opens in a new tab) · Contract or terms · The initial term is set in the Proposal.
Automatic renewalQuote onlyOttimate (opens in a new tab) · Contract or terms · It renews automatically for the same length as the initial term, unless the Proposal says otherwise.
Notice to avoid renewal30 daysOttimate (opens in a new tab) · Contract or terms ·
Early termination fee (ETF)You can only end the agreement at the end of a term, with 30 days' written notice. If it ends, you pay all fees through the entire term as if it had not been terminated, and prepaid fees are not refunded (Master Services Agreement, section 7.4).Ottimate (opens in a new tab) · Contract or terms ·
How the ETF is calculated
100% of the remaining monthly software fees for each month left in the term.
Right to raise pricesOttimate may raise the recurring fees in the Proposal by 5% a year on the renewal date, and renews at its then-current rates; if it changes prices for a renewal it gives at least 30 days' notice and you can end the Proposal before the renewal starts (sections 3.5, 3.13 and 7.5).Ottimate (opens in a new tab) · Contract or terms ·
Trial periodUnconfirmedOttimate (opens in a new tab) · Vendor website · Its site and Master Services Agreement do not mention a trial.

This is general information about published contracts, not legal advice: read your own contract and check with a lawyer before you sign.

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