Hi there ,

1and1.com now giving 12 month free hosting on their home plan for the first year when i came to checkout i find 2 options

option1
Special Offer: $ 0.00 for the first 12 months, then $ 6.99 per month. 24 month minimum contract term applies.

Optional:
More flexibility without a minimum contract term or setup fee. Regular pricing of $ 6.99 per month applies.

i find the total amount at checkout is 5$ setup fees

what does minimum contract term mean??
does it mean i can't cancel the hosting before 24 month ??
and i should pay for the second year

thanks in advance .