Legal Question in Business Law in Utah
Options Trading Rip Off
Dear Sir or Madam
I am due to pay $2,000.00 dollars for 4 more coaching sessions. I signed a contract, but I want to cancel. Do not need their coaching services any more. They insist I have to pay. Is their any way you can help me?
1 Answer from Attorneys
Re: Options Trading Rip Off
You have to read the contract carefully. Has the other side lived up to all of their obligations under the contract? Are there any contingencies in the contract that have not been met?
The contract has probably been carefully written so that you are obligated to complete your obligations, i.e., pay the full amount due under the contract. Of course you could simply not pay and leave it to them to take action, which they may not do. However, most of these providers will go to great lengths to enforce their contracts and your contract probably includes a provision for attorney's fees if they have to go to court to enforce the contract, which could well be more than the original obligation. Good luck!
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