Meaning of “break fee” in the English Dictionary

"break fee" in Business English

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break feenoun [ C ]

uk us LAW

also break-up fee a payment that a company must make if it does not keep an agreement to be sold to another company:

There is a £6m break fee if the company sells out to another bidder.

a payment that you must make if you end an agreement before the time that has been agreed:

We would like to pay off our mortgage early but there's a break fee involved.

(Definition of “break fee” from the Cambridge Business English Dictionary © Cambridge University Press)