What type of contract is never-ending and maintains its validity indefinitely?

An evergreen contract is characterized by its perpetual nature, meaning that it does not have a predefined end date and automatically renews after its initial term or upon completion of the agreed-upon obligations. This type of contract is particularly useful in situations where an ongoing relationship or continuous service is anticipated, as it ensures that the contractual obligations continue without the need for renegotiation or renewal processes.

In contrast, other types of contracts, such as fixed-term contracts, are designed to last for a specific period and will expire once that period ends, while exclusive contracts typically grant one party sole rights for a specified timeframe, and contingent contracts depend on certain conditions being met before they become valid. The defining feature of evergreen contracts is their ability to extend indefinitely, which makes them widely applicable in various industries to facilitate lasting supplier relationships and service agreements.