Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What happens when my Long Term Hire contract period expires?

contract happens hire period term
0
Posted

What happens when my Long Term Hire contract period expires?

0

CC contract periods vary, usually 5 or 7 years, and they are the subject of a single payment at the beginning for the basic value of the equipment. There then follows an invoice each year for the annual CC Pool Fee. Once the contract period is up, it is then automatically renewed year on year by the payment of the annual CC Pool Fee. We emphasise, you will not be charged any further hire price, only the annual fee.

Related Questions

What is your question?

*Sadly, we had to bring back ads too. Hopefully more targeted.

Experts123