How To Legally Get Out Of A Contract
Did you enter into a contract you fully intended to keep – but now you’ve changed your mind? Sometimes, to protect your business, you need to get out of these contracts. But how can you do it legally?
According to our business attorneys , there are several ways to legally absolve a contract, that can allow you to avoid going to court and prevent you from spending too much money. Some of their recommendations are below.
Send a Written Request to Cancel the Contract
If you’ve decided you want to get out of a contract , one of the first things our business attorneys suggest you do is to send a written letter to the other party requesting to cancel the contract. Keeping lawyers out of it and simply making a written request can sometimes resolve the issue. To make it more appealing, your attorney might recommend offering a small sum of money for the inconvenience of canceling the contract.
However, simply letting you out of the contract can be the cheaper option. If the other party tries to sue you for breach of contract, it can result in hefty legal fees for them.
Cancel Within the Cooling Off Period
The Federal Trade Commission allows a “cool off” period of 72 hours for purchases of $25 or more. The Cooling-Off Rule gives you three days to cancel certain sales made at your home, workplace, or dormitory, or at a seller’s temporary location, like a hotel or motel room, convention center, fairground, or restaurant. The Rule also applies when you invite a salesperson to make a presentation in your home. But not all sales are covered. If this applies to your situation, your business attorney will help you use the law to get out of your contract.
Check Local Laws
There are local laws that can be longer – and more relaxed – than the FTC’s 72-hour cooling-off rule. Work with your business attorney to determine what laws you can use to legally get out of your contract.
Breach the Contract
While it might not be ideal, you always have the option to breach the contract. You can do this by not paying your bill, not providing full payment, or not carrying out what you agreed to in the contract. If you do this, you can be sued for breach of contract by the other party. However, it might still be more financially beneficial than paying out the entire contract. In court, you might be asked to provide a settlement to the other party. You will need a business attorney to represent you in court and during the arbitration meetings.
Hire a Business Attorney
If you are trying to get out of a contract, it’s essential to hire a business attorney. An experienced attorney knows what laws you can use to get out of the contract, and what implications you might face for breaking the contract. Hiring an attorney can help you save money, and protect your business from potential legal issues by getting out of the contract legally.
Why Hire Us
When you need a business attorney to absolve a contract, let the experts at Johnstone Adams LLC represent you. You don’t want to try to navigate this on your own – as it can result in a lawsuit, and cost you extra money.
Ranked in the 2022 U.S. News – Best Lawyers® “Best Law Firms” list regionally in 12 practice areas, we have experts in many areas of law to give our clients top-notch representation. In business for more than a century, our firm can mix its experience with the ability to evolve with the changing times.
To get started, contact us at 844-682-7682 or info@johnstoneadams.com .
FROM OUR CLIENTS
WHY CHOOSE OUR FIRM
Dedicated Quality & Commitment
Only a few special law firms in the U.S. have provided exceptional representation to businesses for more than a century. Johnstone Adams, LLC is one of these rare, distinguished firms. Since 1897, the firm has successfully advanced from a local firm serving South Alabama into a dynamic regional powerhouse equipped to fulfill most legal needs of its diverse client base.
Legacy Of Excellence
Each attorney takes great pride in continuing the firm’s legacy of excellence. By consistently providing sophisticated, aggressive, and innovative legal solutions to every client in each service area, Johnstone Adams attorneys personally ensure that their firm’s long, storied past is only the beginning.
Exemplary Client Service & Efficiency
With a focus on exemplary client service and efficiency, Johnstone Adams attorneys guide clients through legal matters from the first conversation about strategy to successful completion in the following critical service areas: Health Care, Employment, Labor & Workers’ Compensation, Insurance Defense Litigation, Commercial Litigation, Corporate Transactions, Real Estate Litigation & Transactions, Construction, Oil & Gas, Tax, Trusts & Estate Planning, Banking & Finance, Immigration, and Forest Use.
LATEST FROM THE BLOG
SIGN UP FOR OUR NEWSLETTER
GET IN TOUCH
TELEPHONE: (251) 432-7682 | TOLL FREE : (844) 682-7682
Location:
1 Saint Louis St, Suite 4000 Mobile, AL 36602
Other Phone:
844-682-7682
Fax:
Business Hours
Mon-Fri: 8:30 am - 5:30 pm
Sat-Sun: Closed
By appointment only
Payment Options:
