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If you 'want out' of the contract - you will have to pay an 'exit fee' equivalent to the unused months of the contract. Say you're paying 20.00 a month, and you're in month 5 when the phone was stolen. You would have to pay the remaining 18 months (360.00) to get out of the contract.

The reason for this is - you're effectively getting a free phone with your contract - the phone company paid a manufacturer for the handset - and they recover that cost from the customer during their initial contract period.

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Q: How can you get out of a 2 year phone contract with sprint if your phone has been stolen?
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