The most expensive contract risk is the one you don't notice until it renews. Watch for these clauses early — before you sign, and again before you renew.
1) Auto-renew with long notice periods
Many contracts auto-renew unless you cancel within a specific window. Common notice periods are 30, 60, or even 90 days.
The risk: If the notice period is 90 days and you miss it, you're locked in for another full term.
What to do: Track notice deadlines separately from renewal dates. Set alerts for the notice window, not just the renewal.
2) Price increase language without caps
Look for clauses that allow annual price increases. Some are tied to inflation indices, others just say "vendor may increase pricing."
The risk: Uncapped increases can compound significantly over multi-year terms.
What to do: Negotiate caps (e.g., "not to exceed 5% annually") or lock in pricing for the full term.
3) Silent renewals with invoicing after renewal
Some vendors invoice after the renewal period has already started. By the time you see the invoice, you've already renewed.
The risk: You lose all negotiation leverage because the term has begun.
What to do: Calendar the notice deadline and proactively reach out before it passes.
4) Termination for convenience restrictions
Some contracts don't allow you to terminate early, even if your needs change.
The risk: You're stuck paying for something you no longer use.
What to do: Negotiate termination for convenience clauses, especially on longer terms.
5) Automatic scope expansion
Watch for language that automatically adds users, features, or services based on usage.
The risk: Your bill grows without explicit approval.
What to do: Require written approval for any scope or pricing changes.
Conclusion
Flag these clauses early, track notice windows carefully, and route alerts to the right people. Most renewal problems come from not seeing risks until it's too late to act.