Legal Question in Business Law in Florida

contract termination

I signed a contract in my home, for a new roof to be installed. I have changed my mind and tried to cancel the contract. I was told if I cancelled, I would have to pay 25% of the contract, which would obligate me for approximately $2500.00. I told the contractor, I don't even have a loan approved yet, and his answer was, ''don't worry about it''. This contract was signed 2 days ago. Does Florida have a law stating I can get out of a contract within the first 72 hours?


Asked on 2/25/04, 1:33 am

1 Answer from Attorneys
Beth Clause Beth L. Clause, PLLC -

Re: contract termination

It depends on the contract. Was it contingent on you obtaining financing or is there a unconditional recission period written into it? If you have not performed and neither has the contractor you should be able to rescind the no problem by requestind a recsission in writing. They could claim breach but they have not sustained any damages if the contract is only 72 hours old and they havent performed.

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Answered on 2/25/04, 8:46 am


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