Business, tax and funding
minimum term
In short and in plain language
The minimum term is the time a contract runs at least.
Only after that can you end the contract.
It matters for ongoing services, such as hosting or care for a website.
It shows how long a business is tied in.
Definition
The period a contract runs at least before it can be cancelled. For ongoing services such as hosting or website care it shows how long a business is tied in.