Spring Lake, NC asked in Contracts for North Carolina

Q: i have a short (1.5 page) contract with a GC, time and materials. No cancelation terms in contract- can we terminate?

we are paid in full but GC still has $2000 deposit we want to get back.

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1 Lawyer Answer

A: If the contract has not been fully performed and the contractor is in default, it is possible to terminate the contract with the appropriate notice (if required by the contract). Not sure I understand how the deposit works or why it would come back to you, but would need additional information to answer your questions.

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