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There is a £6m break fee if the company sells out to another bidder.
We would like to pay off our mortgage early but there's a break fee involved.
1. Supposedly used to recoup costs and fees associated with due diligence during an acquisition. These break fees are seemingly used more and more for the purpose of restoring lost reputations arising from deals falling through.
2. Common in lease agreements, these break fees are penalties charged against parties not wishing to fulfill their portion of a contract.