Manual file processing can be a reason behind your enterprise losing funds as well as your staff losing interest in their commitments. The easiest way to increase all company procedures and boost your data is to manage everything with cutting-edge solution like DocHub. Manage all your documents and Save Framework Agreement in DOC within mere seconds and save more time for relevant duties.
With DocHub, you possess unlimited use of your documents and Templates available for you at any moment. Explore all functions right now with your free DocHub account.
In an enterprise agreement, it's important to understand two key annual events. When you sign an agreement, typically for three years starting on February 1, you will encounter a true-up event each year on this date. The true-up allows you to purchase additional licenses as your user base grows, ensuring compliance with licensing commitments. You are not required to buy additional licenses throughout the year; instead, these purchases occur annually. Over a standard three-year agreement, there are three true-ups. It's crucial to remember that if your user growth occurs in the final year, it must be accounted for during the last true-up event.