After the initial 12-month contract, we will contact all Think Local Merchants to ensure that they wish to continue on Think Local. Once a Merchant agrees to continue, they will 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.
The Merchant will be invoiced monthly and protected from any rate increases beyond annual CPI rise*. Cancellation just requires written confirmation with one month's notice.
*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.