Several reasons may cause you to opt out of a contract. New developments may come up, the subscriptions may not serve your intended purpose, or you may consider an alternative to the service. If you seek to opt out of a contract, having the right information may prevent the legal consequences that may follow. Besides, a commercial litigation lawyer can elaborate the terms and consequences for you.
1. Read the terms for cancelling a contract
Most contracts have a clause that explains the process of cancelling the contract. That is the best method of cancelling your contract as both parties mutually agree to it. The law recognises the agreement. Therefore, you may not suffer legal consequences even if the other party is not willing to let go.
2. Write a letter requesting a cancellation of the letter
Sometimes cancelling a contract is as simple as writing to the other party and requesting to cancel your contract. Most utility companies do not sue for breach of contract or charge for cancelling the contract if you do it before the end of the month. You must have paid for the services in the current month. You may have to pay a small fee when ending other contracts.
3. Take advantage of the ‘cooling off’ window
The commercial law has a statute, which allows consumers to have a cooling off period. The period is always indicated in the purchase contract. During that time, the buyer can cancel the purchases made outside the seller’s general place of conducting the business. In this case, you will be presented with the cancellation forms having been told of your cancellation rights before making the purchase.
4. Talk to a lawyer
A commercial litigation lawyer is your best bet to avoid the legal consequences of opting out of a contract. That is the right path, especially if the contract was vague regarding opting out or is complex and you may not disengage at once. The lawyer will go through the agreement and advice on the best way to opt out of the contract.
5. Find a reason to end the contract
The commercial law provides reasons for ending a contract before, during or after a performance. You may end a contract if the other party makes a misrepresentation of the fact, is involved in fraud or makes a mistake. For example, if you subscribe to internet services at home and discover that the service provider offers lower than agreed speeds, you may opt out of the contract. Avoid failing to perform your part of the contract in the name of opting out as it may have legal consequences. Look for the easiest path to walk out without getting sued or paying penalties if you had agreed on that in the contract.