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This question is about careers.
What does evergreen mean in business?
In business, evergreen means something that is perpetual and ongoing with no end. The term evergreen is used in business to imply this, but can vary slightly depending upon the context it is used in.
Here are some examples:
In information technologies (IT), evergreen refers to an approach that plans to provide the most current capabilities to its users or consumers.
While an evergreen contract refers to a contact that automatically renews after the first term expires. This means that both parties involved in the contract recognize that it will roll over automatically with no end, until one party notifies the other to terminate it.
Evergreen contracts are often found in rental leases, service agreements, and purchasing contracts.
Evergreen goals in business refer to objectives that are ongoing and not constrained to a specific time period.
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