Contract Cancellation In Iowa

Summary

When withdrawing from a construction contract in Iowa, review the contract for cancellation clauses. Iowa law may have specific provisions for construction contracts and deposits. Offering a partial refund of a deposit may be a negotiation strategy, but consulting an attorney is advisable to ensure your rights are protected and to understand the legal implications of your actions.

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I have with drew from building a house With in what i believe to be the annulment period in iowa of *-3 days. The builder said he was going to talk to his attorney but was going to with hold something. After 2 days of hearing nothing, we offered *,* of a $* deposit of $500000to return the rest. What are your thoughts,
Hi William!
It sounds like you're dealing with a contract cancellation. Here are a few things to consider:
- Review your contract for any cancellation or withdrawal clauses.
- Iowa law may have specific provisions related to construction contracts and deposits.
- Consult an attorney to ensure your rights are protected.
Have you checked the contract terms regarding cancellations and deposits?