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Termination fee. An early termination fee is a charge levied when a party wants to break the term of an agreement or long-term contract. They are stipulated in the contract or agreement itself, and provide an incentive for the party subject to them to abide by the agreement. Early Termination Fee – The total fee that will be charged for early ...
The Federal Communications Commission last Friday asked Verizon Wireless why it recently doubled the fees it charges customers when they break their contracts on "smart" phones. In November, the ...
Your billing statement provides a detailed breakdown of the subscription fee, including benefits, required government taxes, and any additional fees. • Communication surcharges - We answer to a higher calling - the phone company. If you connect to AOL using a long-distance number or AOLnet 800 number, you’ll see these surcharges in addition ...
Breakup fee. A breakup fee (sometimes called a termination fee) is a penalty set in takeover agreements, to be paid if the target backs out of a deal (usually because it has decided instead to accept a more attractive offer). The breakup fee is ostensibly to compensate the original acquirer for the cost of the time and resources expended in ...
Chris Morris. January 5, 2024 at 11:49 AM. Jeenah Moon/Bloomberg via Getty Images. Verizon customers could be entitled to up to $100 as part of a proposed settlement by the wireless provider. The ...
A termination for convenience clause, or "T for C" clause, [ 1] enables a party to a contract to bring the contract to an end without the need to establish that the other party is in default, for example because the client party's needs have changed, or in order to arrange for another party to complete the contract. [ 2]
Verizon Wireless, which doubled its early termination fee for smartphones like the Motorola Droid or Blackberry Storm 2 from $175 to $350 last month, is now answering to the Federal Communications ...
Activation fees are also waived for migrating customers, as are early termination fees if the customer has a term agreement with Qwest Wireless. With the March 11, 2009 announcement of an end date, Qwest Wireless also discontinued the practice of charging early termination fees for customers who have term agreements with the carrier.