QUESTION 28 Identifying the contract — contract extensions Service Provider has a 12-month agreement to provide Customer with services for which Customer pays $ 1,000 per month. The agreement does not include any provisions for automatic extensions, and it expires on November 30, 2016. The two parties sign a new agreement on February 28, 2017 that requires Customer to pay $ 1,250 per month in fees, retroactive to December 1, 2016. Customer continued to pay $ 1,000 per month during December, January, and February, and Service Provider continued to provide services during that period. There are no performance issues being disputed between the parties in the expired period, only negotiation of rates under the new contract. Does a contract exist in December, January, and February (prior to the new agreement being signed)?