NOTICE OF PRICE INCREASE TEMPLATE FAQ

What is a notice of price increase?

A Notice of Price Increase is a written message that informs customers or clients that the price of a product, service, subscription, or plan will increase. It explains when the change takes effect, what the new price will be, and what options the customer has before the effective date.

When should you send a notice of price increase?

Send it in advance, based on your contracts, terms of service, and applicable consumer protection rules. Many businesses give at least 15–30 days’ notice for subscriptions, but the right timing depends on your industry and the customer’s agreement.

What should be included in a price increase notice?

Include the current price, new price, effective date, where the updated pricing/terms can be found, and what the customer needs to do (if anything). It’s also helpful to provide a short reason (higher costs, improved features) and a support contact.

Do you need customer consent for a price increase?

It depends on your contract or terms. Some agreements allow price changes with notice; others require renewal or explicit agreement. This template uses neutral language and includes optional text for subscriptions and renewals.

How do you keep the message professional and reduce churn?

Use a respectful tone, keep it clear and short, emphasize value, give customers time to decide, and offer support. If possible, explain any options (grandfathering, discounts, switching plans) without overpromising.

What is AI Lawyer?

AI Lawyer is an AI-powered assistant that helps you create and customize legal and business document templates online. It guides you through key sections, suggests wording, and explains complex concepts in simple language. AI Lawyer does not replace a licensed attorney or provide legal advice, but helps you prepare better documents faster and more confidently.