The term of a contract may not be measured by or be for the life of the buyer.(b) The term of a contract may not exceed three (3) years from the date that the contract is entered into. A buyer may renew a contract for additional periods, but the contract price for the renewal of a contract must be at least twenty-four dollars ($24) per year.As added by P.L.249-1983, SEC.1. Amended by P.L.24-1989, SEC.15.
Indiana Legal Code