The End of Your ContractsOctober 25, 2020
Have you signed a contract that you’re now regretting? Maybe it seemed like a good deal at the time, but things change, and now you want out. How do you get out of this pesky contract? Contracts are legally binding statements, so getting out them will be more tricky, but it’s not an impossible task. Here are some tips and tricks to help you navigate getting out of a contract.
A breach of contract occurs when the opposing side doesn’t fulfill their contractual obligations. This could be that they refuse to do their part, they do something that they were not supposed to do, or they block you from doing what you’re supposed to do.
By not paying your bills/fees, you would also breach the contract. Should this occur, you may be able to work out a monetary amount to settle the contract issue (although it’s certainly not a guarantee that the other side will be willing to settle). That said, a breach of contract doesn’t necessarily mean you need to take this matter to court- many contract issues reach a settlement before court.
If you want to avoid a breach, try sending a letter requesting that your contract be terminated instead. You can offer to pay a small fee, or you see if they will just let you out of it. It’s worth a shot, right?
If you’re working with a high stakes contract, it will be better for you to talk with your attorney. Doing so can help you save money at the end of all of your contract madness.
Better yet, contact Nathan Jones Law before you sign that contract. We can review the contract for you, explain what you’re getting into, and if it’s a negotiable contract, suggest some changes that will benefit you down the road.