18 | Are You Bound by a Contract If the Info Is Wrong?
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Show Notes
Are You Bound by a Contract If the Info Is Wrong?
You signed a contract. But later, you realize some of the info in it was wrong. Can you still be legally bound?
This episode breaks down a real $25,000 mistake—and what it teaches about signing contracts without double-checking the details.
Why “I Didn’t Know” Doesn’t Work in Law
There’s a legal principle called “ignorance is not a defense.”
If you sign something—even if the information inside is wrong—you’re likely still bound by it.
One of Cory’s clients signed a commercial lease stating the property was 1,100 sq ft.
Three years later, she discovered the space was only 800 sq ft.
That mistake cost her over $25,000 in rent overpayment—and there was nothing she could do to recover it.
Why This Matters for Wellness Entrepreneurs
Whether it’s a lease, a partnership agreement, or a contractor agreement, the fine print matters.
You need to know:
- What you’re signing
- What’s factually accurate
- Whether your contract allows for corrections (amendments)
- What legal position you're in before things go wrong
Key Takeaways:
✔️ If you sign it, you’re usually bound—even if the info is wrong
✔️ Most contracts include clauses saying you had the chance to get legal advice
✔️ The time and cost to dispute a signed contract is rarely worth it
✔️ Review before signing—or risk costly surprises later
🎧 Listen before you sign something you regret.
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