I signed contract and received check for a pool patio project.now client doesn’t not want to do.I have cashed and allocated labor monies.I’m I legally binding to return monies…
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I signed contract and received check for a pool patio project.now client doesn’t not want to do.I have cashed and allocated labor monies.I’m I legally binding to return monies…
Please advise
Asked on May 21, 2017 under Business Law, Florida
Answers:
SJZ, Member, New York Bar / FreeAdvice Contributing Attorney
Answered 7 years ago | Contributor
If there was some early termination or cancellaton clause in the agreement, you'd have to let him terminate/cancel in accordance with the terms of the agreement. If there is not, then he is bound by the contract: there is no inherent right to terminate or cancel a contract, and once it is signed (and a deposit made), it is binding. He cannot get out of the contract entirely; if he refuses to go ahead, you are entitled to an amount equal to the sum of expenses you have already *committed to or paid* (i.e. ones you will have to pay no matter what) and your reasonable or expected profit; all he could get is an amount equal to any expenses you will not have to foot or bear, since you will not have to lay out those costs.
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