If a contract renews automatically, it may continue for another term unless one party gives notice before the renewal deadline.
The contract should explain the renewal period, the notice period, how notice must be given and whether pricing or other terms can change. Missing the notice deadline can create unexpected cost or leave the business in a contract it intended to review or end.
To manage automatic renewals, record the renewal date, notice deadline, contract owner and cancellation method as soon as the contract is signed. Set reminders well before the deadline.
This answer is general information, not legal advice.