# Contract length and cancellation terms

A term used when buying gym or fitness studio.

How long a membership binds a member, and how easily a member can walk away from it.

It is the difference between [recurring revenue](https://searchspheresource.com/glossary/mrr) and revenue that recurs until somebody clicks. Month-to-month memberships price lower than annual agreements for good reason, and state law increasingly limits what a cancellation may require, so a book built on friction is a book with a regulatory as well as a retention problem. Read the actual agreement, not the website, and ask what share of members are inside a term today.

Part of: Buying a Gym or Fitness Studio (https://searchspheresource.com/guides/buying-a-gym-or-fitness-studio)

Source: https://searchspheresource.com/guides/buying-a-gym-or-fitness-studio/terms/contract-length-and-cancellation-terms
Not dated: The same editorial definitions as the glossary, inside a trade.

Site index for machines: https://searchspheresource.com/llms.txt