What is a contract term?

Modified on: Tue, 10 Aug, 2021 at 4:14 PM


Chargebee enables you to retain customers in subscriptions for a specific number of billing cycles. You can define contract terms for each subscription and automate all the subscription workflows based on their respective terms. Chargebee supports the following workflows for managing contract terms. You can:
 
  • Override the price of a plan at the subscription level.
  • Specify if the subscription being created is on contract.
  • Define the contract renewal terms.
  • Define the cancellation terms.
  • Apply a termination fee.

Chargebee allows you to create subscriptions with flexible contract terms based on your plan's billing frequency and the number of billing cycles. Here's a simple formula to understand how a contract term is calculated:

Contract Term = Billing Frequency of Plan X No. of Billing Cycles for Subscription

To learn more about contract terms please click here
M
Monica is the author of this solution article.

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