A newsagent approached me last week for help with a five-year contract they signed a few months ago. They don’t want to continue the supplier relationship, saying they are not getting the services and business benefits that were promised. The problem is this particular agreement – it is tight, leaving little room for the newsagent to end the relationship. Worse still, they are forced to not sign with a competitor for a year after the end of the contract. So, it’s a six year contract.
Their only course of action is to complain to the ACCC and seek mediation or legal action. Financially this is not an option.
This is a reminder to all newsagents faced with a long-term contract to sign. Take your time, make sure this is a relationship you really want.
It’s easier to leave a marriage than this agreement.