Comment Re:Something to improve consumer laws? (Score 1) 38
If you agree to a one year contract with, a value of say, $2000, I see no reason why you shouldn't pay the difference between whatever you already paid and $2000 if you want to end the contract early. Otherwise, it isn't really much of a contract.
Because that $2,000 is consideration for the other party providing something. If the penalty clause is the entire remainder of the contract fee, then the other party should also be compelled to provide service for the remainder of the contract term, or some equivalent consideration. Otherwise, it isn't really much of a contract.
If they get out of providing service, then you should get out of paying, except for some penalty to make up for sunk costs, e.g. the prorated cost of provisioning initial service, the prorated cost of a phone that was free with contract, etc., plus some *reasonable* amount to discourage people from pulling out of the contract on a whim.
Also, understand that the company providing the service had way more power over the contract than you. You were almost certainly told "take it or leave it" when presented with the contract. That's why putting limits on what contracts of adhesion can do is generally considered to be a critical function of government.