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Trustees question auto-renewal clause in new financial system agreement; counsel advises fixed term
Summary
Board members reviewed the subscription agreement for a new financial system (replacement for RDS). Legal counsel recommended removing or tightening the auto-renewal clause and suggested a fixed one- or two-year term and clearer notice provisions.
Trustees reviewed the subscription agreement for the district’s new financial system and questioned an automatic-renewal provision that requires a 180-day written notice to terminate. District staff and board counsel said the new vendor agreement (for the system approved earlier this year) includes an initial term that automatically renews unless the district issues…
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