Are there any loopholes around a binding contract?

Attorney answers (4)

1. Licensed in MA

   

   Erik Hammarlund

   Vineyard Haven Employment / Labor Attorney

   Contributor Level 17

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   Answered May 23, 2012 07:20. If the contract has loopholes, then it isn't "binding."
   
   If the contract is binding, it doesn't have loopholes.
   
   You'll need to bring the contract to an attorney.

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2. Licensed in MA

   

   Aaron Hutchins

   Northborough General Practice Lawyer

   Contributor Level 10

   Answered May 23, 2012 04:17. Agreed. No meaningful comment can be made without first examining the contract. I would venture a guess, however, without having seen the contract and tell you that you're not getting your money back.

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3. Licensed in MA

   

   Todd Davidson

   Plainville Family Law Attorney

   Contributor Level 14

   Answered May 23, 2012 06:45. I agree with my colleagues. The starting point for an attorney to properly analyze a contract is to review the terms of the contract. You also mention that you and/or your business are having financial trouble. I suggest you consult with an attorney or attorneys to discuss you specific situation. The consultation should be free, without obligation, and matters discussed will be confidential.
   
   A quality contract or bankruptcy attorney should be able to adequately analyze your situation and will probably be able to present you with a couple of options.

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4. 

   John PhillipsPro

   Jacksonville Personal Injury Lawyer

   Contributor Level 14

   

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   Answered May 22, 2012 22:52. It depends on the contract. You'd have to have a local lawyer look at it. There is almost nothing anyone here can do without looking and analyzing the terms.

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