It’s right here in black and white. This Agreement does not provide for a fixed price during the Contract Term. So why do so many people call us to say they are shocked that their price went up? The big hauling companies usually spell this out in their contracts but most folks don’t read the fine print.
Here is a contract excerpt from a company with green trucks –
This Agreement does not provide for a fixed price during the Contract Term. Unless specifically provided otherwise herein, Association should expect WM to increase Charges as allowed by Section 8(b) and to seek other price increases subject to Association’s consent under Section 8(c) of this Agreement. Consent to price increases may be given orally, in writing, or by notice and Association’s payment of, or failure to object to, the price increase.
So now what do you do if you are stuck in a long-term agreement that does not have a fixed price? If you keep on reading that fine print, you’ll find a paragraph that details a buyout provision. It can get expensive but when the “big guys” are increasing by 18% each year, sometimes the math can work.
Contact us today to find out more!