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One particular form of bonus is the lease pickup, where the landlord will pay penalties for breaking an existing lease. Another common type of inducement is some period of free rent, typically one or two months, as a reward for signing for a particular period of time.
Breach of contract is a legal cause of action and a type of civil wrong, in which a binding agreement or bargained-for exchange is not honored by one or more of the parties to the contract by non-performance or interference with the other party's performance.
As an example, someone could use blackmail to induce a contractor into breaking a contract; they could threaten a supplier to prevent them from supplying goods or services to another party; or they could obstruct someone's ability to honor a contract with a client by deliberately refusing to deliver necessary goods. [2]
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An early termination fee (ETF) is a charge levied when a party wants to break the term of an agreement or long-term contract.They are stipulated in the contract or agreement itself, and provide an incentive for the party subject to them to abide by the agreement.
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A rental agreement is a contract of rental, usually written, between the owner of a property and a renter who desires to have temporary possession of the property; it is distinguished from a lease, which is more typically for a fixed term. [1]
To find out if it's worth breaking your CD, compare its early withdrawal penalty and lost interest to the total cost of alternative options like personal loans or credit cards. Let's look at a ...
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