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Glossary

Rolling contract

Also called Rolling term

A rolling contract renews itself in periods, often month to month or year to year, until one side gives notice.

Why it matters to a budget owner

A rolling contract sits between fixed-term and evergreen. Each period has an end date, and the next period starts automatically unless notice arrives in time.

Monthly rolling contracts are easy to leave. Annual rolling contracts behave like auto-renewing subscriptions, with the same notice deadline to watch every year.

What to record

  • The period length
  • The current period's end date
  • The notice period

Frequently asked questions

How do I leave a rolling contract?

Give notice before the current period's notice deadline, in the way the contract requires. The contract then ends at the close of that period.

General working knowledge about commercial contracts, not legal advice. Your own agreement governs.

Glossary

Look up related terms

  • Auto-renewal clauseAn auto-renewal clause renews a contract for another term unless one side gives notice before a deadline.
  • Evergreen contractAn evergreen contract has no end date. It runs until one side ends it, usually by giving notice.