if we signed a contract to make sales in the summer, but were under the impression that the contract would not be submitted or processed unt...

Question

if we signed a contract to make sales in the summer, but were under the impression that the contract would not be submitted or processed until we gave the agent the go-ahead how responsible are we? Also we were supposed to have received $500 for the acceptance of our contract and have received nothing. It has been several months, and now the company is after us saying we owe them the money back and the summer's rent if we are not going to be going.

Answer

Read the terms of the contract. They should tell you the start date, when the $500 is paid, and any penalties for failure to perform. You may want an attorney look at the contract to see if it is unconscionable.