Consumer Protection Law
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If you tell the roofer that you are "rescinding" the agreement and you no longer want the work done, because you were mistaken about the terms and conditions of the agreement, then it would be up to the roofer to sue you for its lost profits on the job. That could be quite difficult, especially if the roofer has other work available, so that there won't actually be any lost profits.
Re a 35% penalty, that is an illegal contract provision, and no court would enforce it against you.
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