Q: If I cancel after minimum notice period in contract, am I liable to pay vendor for services not performed?
The contract is governed by Illinois State Law.
A: Whether you would be required to pay for services not received is dependent on the terms of the contract. There is a principle of law called unjust enrichment where a party receives a windfall or is unjustly enriched. However, if the contract is specific and enforceable, you could be held liable. You would be well-served to have an experience attorney carefully review the contract you refer to and get an opinion on what your exposure to liability might be.
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