We contracted for a concrete patio on 5/23/2018 and put 50% down ($2000). The contract says there is a 20% penalty to cancel the contract, but also says the contract is valid for 60 days. Nothing has been done as of 7/22 and we are getting constant delay excuses and the company has gone silent on us. Can we cancel the contract on 7/24/18 without penalty?
You post is like very many on this site where the attorneys could ask: What does the rest of the contract say? That could alter the meaning of the one term that you have paraphrased.
It is hard to imagine that the contractor meant that if he started the work toward the end of the 60 days and didn't finish that it would allow cancellation. I more common provision would be one that provides the contract price is good for 60 days and after that is subject to adjustment.
But I'm more concerned about the fact that you paid $2000 60 days ago and no work has been done. A good contract would provide that the work would start promptly and be completed promptly. You haven't said you've contacted them about starting; have you? You may be at risk of not getting anything for the $2,000. That's what I would focus on now.
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