Add a new line with Verizon using an old cellphone?

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New member
If I have a 2 year contract agreement with Verizon with two lines, but I want to ADD a third line (using an old verizon cellphone that belongs to me) ..
1.- Do I have to make a new two years agreement with verizon for the new line ???
2.- If I decided to cancel this third line, do I have to pay any kind of fees ?
Thank You
 
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