Hillsboro, OR asked in Contracts and Real Estate Law for Oregon

Q: Can a seller back out of a contract within 72 hours of signing?

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1 Lawyer Answer
Joanne Reisman
Joanne Reisman
Answered
  • Portland, OR
  • Licensed in Oregon

A: Generally no. There is a federal law that allows you to cancel a contract if it was due to a door to door salesman. http://www.nolo.com/legal-encyclopedia/question-cancel-contract-three-days-28073.html In other situations, you may have a right to cancel a contract in a certain time period if the contract states that you have that right. So read the contract. Also know that you can negotiate for a right to cancel a contract and add it to the contract before you sign it if the other party agrees. You may have other legal justifications that allow you to get out of a contract. You may need to talk to a lawyer to determine what you can do.

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