Contract advice
Discussion
Hi All,
After a bit of advice on a contract we have with the company that supplys our invoice discounting facility.
They recently sent us a letter saying they were putting up our service charge by 43%, in two weeks. Very nice of them. We are contracted into a six month notice period with them but the contract also gives the service charge in it and makes no allowance for changing it. If we do not accept the new charge does this mean the contract is no longer applicable and we dont need to give 6 monhts notice? Or are we stuffed?
Many thanks
Peter
After a bit of advice on a contract we have with the company that supplys our invoice discounting facility.
They recently sent us a letter saying they were putting up our service charge by 43%, in two weeks. Very nice of them. We are contracted into a six month notice period with them but the contract also gives the service charge in it and makes no allowance for changing it. If we do not accept the new charge does this mean the contract is no longer applicable and we dont need to give 6 monhts notice? Or are we stuffed?
Many thanks
Peter
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