Can You Cancel an Electronically Signed Contract

[Steverino]

My question involves business law in the state of: California

I entered into agreement with an internet advertising company to advertise with them. I signed an electronic contract, which I know is binding, but then decided I did not want their services. I signed the contract around 5:30 PM on a Friday. I sent an email cancelling on Saturday, the following morning, before noon. Do we have a binding contract that I have to comply with? Actually not sure if it is a contract, but possibly a pre-contract binder. They said a PDF file of the contract will be sent to me at some time. At this moment I cannot access any agreement on line. It just says the document has already been signed and sent. I realize my emotional reasons for cancelling may not be important and that it is a legal contract issue. The contact is for a year at approx $3000, and there was a cancellation clause stating a price of $700. So yes, I am trying to avoid the $700 fee. They were hard sellers and I mentioned many times I just wanted to think about it for awhile first, but he was good. The mistake I made was doing my research after signing. They are not a good choice for small business advertising according to most people out there. Any help will be appreciated. Thank you very much.

[Mr. Knowitall]

There is no cooling off period for commercial contracts -- once you enter into a binding contract, getting out of the contract without being accused of breach becomes a matter of negotiation. See if they'll let you out for less than $700.

[Steverino]

Thank you very much