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There has been a practice being carried out by some businesses taking fees in exchange for ‘claims & relinquishment services’ that they are achieving termination of contracts through what are being termed as ‘unilateral terminations’. We do not believe these are established in law and are in fact now the subject of court challenges and investigation by the authorities for misleading practices.This also applies to the actual validity of what are claimed to be indemnities.We are therefore cautioning consumers that it is likely that any such ‘unilateral terminations’ may not be valid and their contracts are likely to still be enforceable i.e. contracts will have not been legally terminated.
In view of this we suggest you contact your timeshare company to enquire as to the current legal status of your timeshare.