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Your Answer:

No, unfortunately they are not obligated to release you from the new contract even though you still have a contract with CPI.

Sometimes a contract will allow you to rescind within a few days after making the contract (usually 3-5 days). After that time has passed, you are locked into the contract under its terms.

You may be able to cancel the contract with a cancellation fee, but that may be almost as expensive as just keeping the contract and paying it (plus the other one until the other one runs out).

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