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History for Evergreening (history as of 08/04/2014 15:33:08)

Evergreening is a process by which a contract is renewed automatically, as agreed upon by included parties at the outset. These evergreen contracts will automatically renew after the completion of the contract period. Typically after the first month, if no termination notice is given, then contract will extend to last a year from that period and so on. Without a system in place to monitor or manage contracts, evergreening can add unnecessary cost to business by renewing unnecessary or no longer appropriate contracts.

  

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