You don't say why you wish to get out of the contract. If it's due to the other party's failure to perform, then you could use that as a negotiating tool as a way out for them to avoid suit. Otherwise, you can still negotiate your way out, but it likely will be more costly. Next time think a little longer before you sign or revise the terms of the agreement to give you an out.
Answered on Nov 18th, 2011 at 10:15 AM