Legal Question in Business Law in Maryland

Re: Contract

One follow-up to the answer provided by Mr. Sher is that depending upon your facts, there are sometimes ways for a person to get out of contracts without suffering the full contract price as a liability. This is totally dependant upon the facts and circumstances of your situation and you should retain an attorney to review those facts and advise you.

Lawrence R. Holzman, Esquire

Joseph, Greenwald & Laake, P.A.

6404 Ivy Lane, Suite 400

Greenbelt, MD 20770

(301) 220-2200

fax (301) 220-1214

Disclaimer: Please note that the posting of this response is not intended to constitute legal advice. You should contact an attorney to obtain information applicable to your situation. This posting is not confidential or privileged and does not create an attorney/client relationship.

Re: Contract

The general answer to your question is no. Once a contract is signed and all the terms are sufficiently understandable, it is binding. However, certain consumer contracts, by law, allow the buyer a certain amount of time to rescind (get out of) the contract. In those cases, the seller is required to print language in the contract which informs the buyer of this right so the buyer can exercise it if he chooses to do so.