If an unauthorized person signed an electronic contract for my business, am I bound by this contract?
Question Details: A person who has access to all of my information intended to change my credit card processor to a new company. This person provided all the information to the new company and signed electronic documents including a non-cancelable contract which the new company now says I am locked into for 4 years. What are my options?
You are not bound by the contract because an unauthorized person signed the agreement. The signing by the unauthorized person is fraud in the execution of the contract.
Fraud is a defense to enforcement of the contract. You should assert that defense if you are sued for breach of contract for failure to comply with its terms.
Rate This Answer:
Not Yet Rated
The Answer(s) provided above are for general information only. The attorney providing the answer was not serving as the attorney for the person submitting the question or in any attorney-client relationship with such person. Laws may vary from state to state, and sometimes change. Tiny variations in the facts, or a fact not set forth in a question, often can change a legal outcome or an attorney's conclusion. Although AttorneyPages.com has verified the attorney was admitted to practice law in at least one jurisdiction, he or she may not be authorized to practice law in the jurisdiction referred to in the question, nor is he or she necessarily experienced in the area of the law involved. Unlike the information in the Answer(s) above, upon which you should NOT rely, for personal advice you can rely upon we suggest you go to AttorneyPages.com
and retain an attorney to represent you.