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This provision establishes a procedural mechanism for unilateral contract modification with a specified notice period and opt-out window. It allocates to users the ability to exit before changes take effect, while establishing a default acceptance framework based on inaction rather than affirmative consent.
Users receive notification of unfavorable changes with a two-month advance period during which they may terminate the account without closure fees. The operational effect is that absent user action to close the account or communicate objection, the modified terms apply to the ongoing relationship.
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"We'll give you at least 2 months' notice before making any changes to this Agreement that aren't in your favour. We'll tell you about changes in the Revolut app. We'll assume you're happy with the changes unless you tell us you're not before the changes come into effect. If you're not happy with the changes, you can close your Account before the changes come into effect and we won't charge you for doing so.— Excerpt from Revolut's Revolut Terms of Service
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This provision establishes a procedural mechanism for unilateral contract modification with a specified notice period and opt-out window. It allocates to users the ability to exit before changes take effect, while establishing a default acceptance framework based on inaction rather than affirmative consent.
Users receive notification of unfavorable changes with a two-month advance period during which they may terminate the account without closure fees. The operational effect is that absent user action to close the account or communicate objection, the modified terms apply to the ongoing relationship.
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