Our company has a signed a five year contract and have experienced double digit price increases every year. The only price concessions I can get from them is if I sign for a fresh five year contract.
I make it a practice of never signing a contract for more than one year.
You give up any leverage by signing a long-term contract. Cintas even has a clause in their contract that says if you do not provide a written request at least 6 months prior to the end of your current contract, your contract is automatically extended another five years.
Reason of review: Pricing issue.