Should you be unable to complete the agreement you will need to give written notice and receive confirmation of that notice.
- You will need to pay for any unit you have commenced.
- You will be due to pay a cancellation fee (within 7 days of confirmation)
- The cancellation fee represents the difference between what you have paid and what you should have paid for the term you've completed
- eg A yearly agreement is terminated after 4 months. You have therefore completed a 4 month agreement (cost $20 per month more than yearly agreement), so you would be due to pay $80, (4 X $20) as a cancellation.
- eg A six month agreement is terminated after 2 months. You have therefore completed a 2 month agreement (cost $10 per month more than the 6 month agreement), so you would be due to pay $20, (2 X $10) as a cancellation.
- The fees outlined above will be due and payable within 7 days of the confirmation of your written notice.
