July 28, 2018
On July 1, 2019, a new law passed by the State of Vermont goes into effect, which is the most stringent of its kind. The law, entitled “Automatic Renewal Provisions in Consumer Contracts,” governs contracts between a consumer and a seller (or a lessor) with an initial term of one year or longer that renews for a subsequent term that is longer than one month. Any such contract may not automatically renew unless the seller (or lessor) satisfies several requirements set forth in the new auto-renewal law.
What Obligations do Sellers and Lessors have under Vermont’s Auto-Renewal Law?