There are defined laws that protect individuals and businesses when there is a breach of contract. Any written agreement between two competent individuals are binding unless there was a misrepresentation or that the benefits are significantly skewed.
Even when this is the case, the courts are reluctant to change the contents of the contract, unless it finds it that per the agreement and the cost that one has to incur due to that skewed benefits makes it impossible to the reasonable person to comprehend. In that case, the court will hesitantly intervene, otherwise, all contracts are binding on the signatories.
To ensure consumers are protected from unfair business practices, there are laws that protect individuals and companies from abuse. For instance, the Consumer Protection Act (CPA) sets rules regarding the factors that necessitate the need for a written contract. One of such rule is that in every agreement that has a value of at least $50.00, there must be a written agreement or a contract. But more importantly, this contract must contain all terms and conditions that must be met within the dictates of the contract.
The law of contracts are there to protect people from others who would like to enrich themselves through misrepresentation and falsehood, leading people into agreements that they know only benefits themselves. If you believe you have been misled into signing a contract or that the other party has breached the contract that worth $25,000.00 or less, contact us immediately. We will take the necessary step to ensure that your rights are protected.
FREQUENTLY ASKED QUESTIONS
There may be some reasons why you want to cancel your contract. But we strongly advice that you speak to a legal professional first, in order that you would not incur some cost you may not be in the capacity to pay. But there are some factors that if any of them is present, you may be able to cancel the contract.
- If the contract has a cooling off-period. This is in most cases stipulated in the contract being signed. The cooling-off period is like a grace period where you can choose to cancel the contract without suffering any ramifications from that cancellation.
- If you believe the other party misrepresented him or herself or that the contract contains misinformation that can significantly affect the core purpose of the contract.
- If the contractor has abandoned the work or fail to complete it on the agreed time period set in the contract.
But please do not end or stop executing what you are expected to do as your contract dictates without first speaking to a lawyer or a paralegal (Ontario). Call or send us a message for a free 30 minutes consultation.
A contract is an agreement between two parties whether it was written or not. Once an offer is made and there has been acceptance of the offer, both parties must abide by that agreement. Again, once you have agreed to produce or provide something in return for another, where both parties agreed to the terms, that agreement can be binding, especially if one of the parties has already incurred cost as a result of the verbal agreement.
Note: If you are contemplating on ending a contract or starting a contract, we recommend that you speak to a lawyer or a paralegal, concerning your rights and obligations under the contractual agreement.
Your obligations under the contract is still enforceable unless agreed by both parties to abrogate the terms of the contract. Therefore, if you believe you are in a situation where you can no longer afford, you must raise that discussion, first with a lawyer or a paralegal and then discuss your decision with the other party and present what you can offer in return for any cost already incurred by that party.
Always remember to seek legal opinion before ending or starting a contractual agreement.
