Netflix's Terms of Use establish that all subscription fees are non-refundable including for unused periods, that Netflix can charge any payment method linked to your account if your primary method fails, and that class action lawsuits against Netflix are waived where local law allows. Members are prohibited from sharing their account beyond their household unless their plan specifically permits it. You can cancel your membership anytime via the Account page at netflix.com, which stops future charges at the end of your current billing cycle.
How other platforms handle this
Paid subscriptions will automatically renew unless cancelled. Microsoft will tell you in advance when paid subscriptions are up for renewal. If you do not want a subscription to renew, you must cancel it before the renewal date. If a subscription renews, Microsoft will charge the payment instrument ...
If you are under the age of 13, you may not use the Services and you should not be visiting the Sites or using the Services.
The Peacock Service is for individuals who are 18 years of age or older and reside in the United States (including its territories and possessions).
Netflix has formalized household-only sharing restrictions in its ToU, meaning sharing with friends or family outside your home is a breach of contract — a significant tightening compared to earlier industry norms.