When we cancelled our Project online pilot account, Microsoft graciously offered to waive our early termination fee – this was quite nice of them, but we had no idea we were locked in for any specific period of time. …puzzling!
Looking into the license options in Office 365, you see these two options right next to each other:
As you can see, the pricing is quite different, and the wording is not very clear right off the bat. If you click Learn more, you end up on a page that clarifies a bit what you’re signing up for.
Bottom line? Read before you click, or you might end up with an unexpected early termination fee, which is 25% of the remainder of your annual subscription.