Definitions for "Termination Fee" Add To Word List
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Also called a cancellation fee, it is the penalty imposed by the service provider on a customer if they decide to terminate their service contract before its expiry date. The termination fee varies with each service provider and plan but is usually either a flat fee and/or the remaining minimum monthly costs owing on the contract.
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See isposition fee or disposal fee above.
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See Disposition fee (disposal fee).... read full article
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See Disposition fee or disposal fee.
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The term “Termination Fee” shall mean that certain fee invoiced by Web4minds to Customer for early termination by Customer of the Term as provided in Section 4.08 and as set forth in such invoice.
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See "disposition fee" above.
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An 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.
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