We cancelled contractor contract. How long for refund? (buying, law)

[Floridapalms]

Hi

We hired a local contractor but with headquarters in Ohio.
We signed the contract and had to cancel because of a new financial issue.
We followed the instructions and Fedex the cancellation within the 3 days and they received within the 3 days.

1) Is there a law that states how long they have to refund my deposit?

2) Even if it was not written in the cancellation notice, are they going to send me a form that the contract was cancelled?

Not sure if I have to post this in the Ohio forum

Thxs

[cwkimbro]

I think the problem here is you're looking for a general law to answer your question vs. the fine print of the contract you signed. I'd be more curious about what is in the contract you signed.

It might be the deposit was non-refundable. If it was refundable it might state what the terms are.

Often times the deposit is given, so the company can move ahead spending money on the project by buying supplies or doing some design/engineering work to initiate the order. For this reason deposits are not always refundable.

The law doesn't always get into particulars for items that should be written into a contract.

[Floridapalms]

Thank-you

The cancellation notice arrived and the deposit refunded.