GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW) | ||||||
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20:59 Aug 10, 2006 |
English language (monolingual) [PRO] Bus/Financial - Law: Contract(s) | |||||||
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| Selected response from: Alexander Demyanov Local time: 10:02 | ||||||
Grading comment
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SUMMARY OF ALL EXPLANATIONS PROVIDED | ||||
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4 +9 | service contract period |
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4 +1 | lock-in period |
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the time period during which you can’t cancel your cellphone contract. lock-in period Explanation: While the cellular license period has also been extended from the existing 10 years to 20 years, there will be a lock-in period of 5 years in the proposed ... www.siliconindia.com/magazine/Sep99telecom.html - 20k - Cached - Similar pages -------------------------------------------------- Note added at 7 mins (2006-08-10 21:06:39 GMT) -------------------------------------------------- Will there be pre-termination fees if I disconnect my service within 1 year lock-in period? Yes, pre-termination fee is P3,000.00. ... www.skyinternetvoip.com.ph/faq.html - 35k - Cached - Similar pages |
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the time period during which you can’t cancel your cellphone contract. service contract period Explanation: At least this is what my cellular provider calls it. -------------------------------------------------- Note added at 9 mins (2006-08-10 21:08:25 GMT) -------------------------------------------------- Basically, that the entire period of your cellphone contract, excluding the first 14 or 30 days of the "trial period" -------------------------------------------------- Note added at 1 hr (2006-08-10 22:25:50 GMT) -------------------------------------------------- Charles, to clear a possible confusion: This doesn't mean that cancellation fee would apply through all the period of your using service of a particular provider. Normally, the contracts with individual are 1 or 2 years. After that, you continue on a "month-to-month" basis, and can cancel at any time without a cancellation fee charged. Providers offer incentives for customers to sign such 1 or 2 year conctracts, like giving you the equipment (the phone) for free or at a considerable discount. |
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