What is included in the early termination fee under the two-year agreement?

The early termination fee under a two-year agreement typically involves the requirement for the customer to pay the total remaining balance on their contract. When a customer enters into a two-year agreement with Verizon (or similar providers), they are committing to a set term for service in exchange for certain benefits, such as discounted devices or services. If the customer chooses to terminate the contract before the two-year period is complete, the provider often requires the payment of any remaining balance that reflects the subsidized price of the device and the contractual commitment.

This fee serves as a way to recover costs that the carrier has incurred on behalf of the customer, such as device subsidies. It ensures that customers fulfill their obligations under the agreement, incentivizing them to stay with the service provider for the full contract term or to cover the costs associated with an early exit.

The other options do not accurately reflect the standard policies related to early termination. For example, an option stating that the fee is waived for all customers contradicts the general structure of service agreements. Similarly, the idea that there is no fee for switching providers does not apply when considering an existing contractual commitment. The stipulation that the fee only applies to mobile numbered services is not accurate, as many agreements can encompass additional services and