Breaking a contract with Verizon can be a daunting task, especially when considering the potential costs involved. However, it is important to understand that the costs of terminating a contract with Verizon can vary depending on several factors, including the type of contract, the duration of the contract, and the reason for termination.
The first step to understanding the costs involved in breaking a contract with Verizon is to determine the type of contract you have. If you are on a month-to-month agreement, you can simply cancel your services without incurring any additional fees. However, if you are on a two-year contract, it can be more challenging. Verizon`s early termination fee for a two-year contract is $350, which is prorated based on the number of months remaining in the contract.
But what if you have a special offer or promotion that came with your contract? In this case, you may need to pay back any discounts or free devices that you received when you signed up for the service. Verizon may also charge an activation fee or a restocking fee if you return any devices.
In some cases, you may be able to avoid these fees if you can prove that Verizon violated the terms of the contract. For example, if Verizon fails to provide you with the services that were promised in the contract, you may be able to argue that the contract is void and therefore not legally enforceable. Similarly, if Verizon changes the terms of the contract without your consent, you may be able to terminate the agreement without paying any fees.
It is also important to note that certain circumstances, such as deployment or a move to an area without Verizon coverage, may allow you to cancel your contract without incurring any additional fees. In these cases, you will need to reach out to Verizon to determine what documents or proof you need to provide to qualify for this type of cancellation.
In summary, breaking a contract with Verizon can be complex and costly, but it`s important to understand your options and the potential costs involved. If you are considering canceling your contract, it`s best to research and understand your contract terms and reach out to Verizon with any questions or concerns.