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| Term | Detail |
|---|---|
| Initial term | 36 monthsPAR Technology (opens in a new tab) · Contract or terms · PAR's standard subscription agreement for small and medium businesses; an order or pricing addendum can set another term. Under the PAR Master Agreement for enterprise customers the term is set in each order, and orders renew for one year unless either side gives 60 days' notice. PAR Payment Services, if you use it, has its own 36-month term. |
| Automatic renewal | Renews for 12 monthsPAR Technology (opens in a new tab) · Contract or terms · |
| Notice to avoid renewal | 30 daysPAR Technology (opens in a new tab) · Contract or terms · |
| Early termination fee (ETF) | PAR's subscription agreement makes orders non-cancellable and gives no right to leave early for convenience; either side can end it only for an uncured material breach or insolvency, and your payment obligations survive termination. PAR publishes no early termination fee formula. If you close a location for good and give 30 days' notice, PAR drops it from the next bill (with a prorated refund or credit if you prepaid for the year). If you also process cards with PAR Payment Services (optional, 36-month term renewing for 12 months), leaving early costs your estimated monthly card volume times PAR's own processing fees (not interchange or network fees) for every month left, and the same fee applies if PAR ends it for your breach, if you don't start processing within 60 days, or if your volume drops below 75% of your estimate for two months in a row.PAR Technology (opens in a new tab) · Contract or terms · |
| How the ETF is calculated | Not researched yet |
| Exclusive processing commitment in the contract | NoPAR Technology (opens in a new tab) · Contract or terms · The standard agreement doesn't require processing with PAR, but a pricing addendum can trade discounts for commitments such as exclusivity. If you choose PAR Payment Services, processing much less than your estimated volume counts as leaving early and triggers its fee. |
| Right to raise prices | Unless your order says otherwise, fees rise automatically at each yearly renewal by the change in the Consumer Price Index plus 2%. If you buy direct from PAR, PAR can raise them by more with 60 days' written notice before the renewal.PAR Technology (opens in a new tab) · Contract or terms · |
| Trial period | N/APAR Technology (opens in a new tab) · Vendor website · |
This is general information about published contracts, not legal advice: read your own contract and check with a lawyer before you sign.