When it comes to timeshare contracts, there are still many confusions floating around in the market, especially concerning matters related to cancellation. Most timeshare companies will have you believe that this is a binding contract – as in you cannot get out of it once you have signed on the dotted line. This, however, is not entirely true. You always have an exit route available when you consider timeshare contracts, especially in case you have been a victim to fraud. You just need to remember one thing – go for seeking cancellation and termination of timeshare fraud with the best timeshare lawyer consultants on your side.
Fact of the matter is – most timeshare companies maintain that their contracts are non-cancellable. Timeshares usually turn out to be a humungous costly affair, which is why these lies are perpetrated by companies to keep unwitting investor caught into their trap. The truth however, is that a timeshare contract is very much cancellable, for a variety of reasons including fraud and mistake.
According to the Uniform Commercial Code, “Cancellation of this contract occurs when either party puts an end to the contract for breach by the other. Termination, on the other hand, pursuant to a power created by agreement or by law, decides to put an end to a contract otherwise than for its breach.” There is usually a cooling-off period stipulated in these contracts within which either party can seek to terminate the same. However, in case this time period has expired and when a fraud has occurred, an investor would need to seek help of a timeshare lawyer consultant to actually prove the nature of the circumstances, present a viable case in court and eventually cancel the contract and seek damages/compensation for the problems suffered by the investor.
So if you feel you have been duped by your timeshare company in anyway and are seeking an exit from your investment, be sure to avail of legal assistance and consultation from a timeshare lawyer consultant. They will help you manage the situation with ease.