After the initial 12-month contract, all Think Local Merchants move into the 'Follow On Period'.
The 'Follow On Period' simply means that the Merchant is not locked-in to a contract and can exit Think Local at any time however a 30 days notice period is needed in writing.
The Merchant will be invoiced monthly and protected from any rate increases beyond annual CPI rise*.
*Annual CPI rise will be applied at the start of each financial year. The increase will be in line with the national CPI, and capped at a maximum of 4% rise.