A typical textile rental industry customer service contract contains three clauses that textile rental companies believe are essential to the viability of their businesses. They include:
 

1. An automatic-renewal clause providing that unless one of the parties gives the other notice within a certain time period prior to the end of the contract term, the contract will automatically renew for another term. 
    
2. A price-increase clause that permits the textile rental company to increase prices during the term of the contract, and 
    
3. A buy-back or liquidated-damage clause that provides that in the event that ...