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The speaker entered into a 12-month web development and hosting contract in January 2021 with a company. In April, they wanted to switch to another company but found out that the contract automatically renewed for another 12 months. They were unaware of this clause as it was hidden in a link at the bottom of the contract. The company did not notify them prior to the renewal, leading to confusion about liability for further payments. Despite stating they would pay until May, the company continues to invoice them.