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We have a four year agreement with First Data Global Leasing for credit card equipment. The lease it does not state an early termination fee. I can send you a copy of the lease agreement if needed. I want to know if there is a way to cancel the lease since there was no early termination fee stated on the lease agreement (maybe an invalid or illegal contract).
I cannot attach here - will have to send via email.
The termination is on my side since I am closing my business.
This doesn't explain all the complaints I see in regards XXXXX XXXXX Data. There must be something illegal about not having a termination feeon the contract or something of that nature. I have heard that there is a class action suite against First Data.
So don't you think that the the amount they are charging for the lease of the equipment (48 months) and then charging you for purchase of the equipment after the lease term is an unconscionable clause as well as not having an early termination fee written in the contract. I know that I should have been "buyer beware" on this but my business partner signed into this contract without letting me read the entire contract first and I am now just finding out - not that this has any relevance. Also, what about any verbal agreements made during negotiation of the contract? If the First Data sales person made verbal agreements that were not followed up in the written agreement would I have any recourse?
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