This bill establishes regulations for indefinite subscription agreements in Minnesota, defining key terms such as "automatic renewal," "continuous service," and "consumer." It mandates that sellers provide clear and conspicuous notice of the terms of these agreements before consumer acceptance, including details about cancellation policies, recurring charges, and options for termination. The bill also requires sellers to confirm acceptance of the agreement and notify consumers of any material changes or upcoming renewals, ensuring that consumers are adequately informed and can easily terminate agreements if desired.

Additionally, the bill outlines consumer rights regarding the termination of indefinite subscription agreements, stipulating that consumers can terminate agreements at any time and detailing the procedures for doing so. It prohibits sellers from charging consumers before the agreement is authorized and voids any provisions requiring consumers to allow sellers the right of first refusal. The bill includes enforcement mechanisms, allowing the attorney general to take action against non-compliant sellers, while also providing exemptions for contracts governed by other specific regulations. The act is set to take effect on January 1, 2024, applying to contracts entered into, modified, or renewed after that date.