Hi Joshua, As promised I have the exact wording from the telecom company. They have 2 clauses which I will supply: "In the event of the Agreement being terminated then the customer shall pay to Universal Utilities a termination fee in the sum equal to an admin fee of £50 plus 30 per cent of the anticiapated expenditure during the remainder of the supply period, which the customer agrees represents a fair and reasonable estimate of losses,costs and expenses, which universal utilities would suffer in the event of the agreement being terminated. The termination fee will be calculated as follows: an admin fee of £50 plus 30% of the amount that would have been payable in respect of line rental or other select services for the remaining period of the supply period, had the supply period not been terminated early because of customers breach or insolvency, plus 30 % of whichever is higher of either the customers estimated monthly expenditure, as set out in the contract (none being agreed) or the customers average monthly spend during the supply period up to termination. In the event that the customers estimated monthlu expenditure is not set out in the contract then the sum of £40 shall be taken as the customers estimated monthly expenditure for the purpose of the clause. So there is the small print. How does it look for me? I have a few phone calls from them and a couple of letters that have listed differing amounts.
System of Law: England-and-Wales
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Thanks. Is your estimated monthly expenditure detailed in the contract please?
LL.B (Hons), Prof Dip Law & Practice. 9 years experience in private practice in England
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