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A fixed-term agreement – an agreement whose termination date is known to the parties in advance.

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A transaction for the purchase of goods or services for a pre-defined, fixed period agreed upon by the parties. Examples include: theatre subscriptions, gym memberships, library memberships, etc. The consumer may cancel a fixed-term agreement at any time. The cancellation method depends on the type of product and is detailed in Appendix IV of the Consumer Protection Law.

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