early termination fees

[smbusissues01]

I own a business in Ohio that switched electric to a third party company. That company misrepresented how billing would be handled which led me to late payments and then they terminated contract early. They are now harassing me for early termination fees and threatening legal action. The only way they will waive is when I pay amount due and sign a new 2 year contract. I find it incredible that they would even want me as a consumer since they canceled me. Am I required by law to pay the termination fee?

 

[army judge]

I own a business in Ohio that switched electric to a third party company. That company misrepresented how billing would be handled which led me to late payments and then they terminated contract early. They are now harassing me for early termination fees and threatening legal action. The only way they will waive is when I pay amount due and sign a new 2 year contract. I find it incredible that they would even want me as a consumer since they canceled me. Am I required by law to pay the termination fee?

You're NOT even required to pay a judgment.

There are no laws mandating that anyone ever pay a debt.

That said, they can make your life miserable.

Its time to document their collection tactics and meet with your company's crack lawyer to discuss your legal options.

I would have my lawyer send them a "lawyer letter".

Otherwise, they'll continue to beat the drums loudly.

You are also FREE to report their unsavory business tactics to the state regulatory commission (PUCO):


http://www.puco.ohio.gov/puco/