Section 61.55 - Contract-based tariffs(a) This section shall apply to price cap local exchange carriers permitted to offer contract-based tariffs under § 1.776 or § 69.805 of this chapter, as well as to the offering of business data services by rate-of-return carriers pursuant to § 61.50 .(b) Composition of contract-based tariffs shall comply with §§ 61.54(b) through (i) .(c) Contract-based tariffs shall include the following:(1) The term of contract, including any renewal options;(2) A brief description of each of the services provided under the contract;(3) Minimum volume commitments for each service;(4) The contract price for each service or services at the volume levels committed to by the customers;(5) A general description of any volume discounts built into the contract rate structure; and(6) A general description of other classifications, practices, and regulations affecting the contract rate.64 FR 51266, Sept. 22, 1999, as amended at 76 FR 43216, July 20, 2011; 82 FR 25711, June 2, 2017; 83 FR 67123, Dec. 28, 2018 82 FR 25711, 8/1/2017; 83 FR 67123, 2/26/2019