I leased a credit card machine for a business but now that the business is closed, I no longer use it. I've asked the company if I could get out of my lease but they won't let me break it unless I pay the remaining months plus a fee. Am I getting screwed or is this normal? There is nothing wrong w/ the machine, it's just not being used any longer.
Tags: Credit, break, equipmenthow to break an equipment lease
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You are bound by the terms of the agreement. That is why you should NEVER sign a contract of any kind unless you fully know the consequences.
To obtain a legal opinion on this i would have to see the lease agreement. no-one can give you a decent answer until they have seen what the obligations are of each party to the agreement.
THIS IS A NORMAL AGREEMENT,SORRY TO SAY.
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