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Are you asking if you are liable?
Does your contract say you can give notice?
Does it bind you for 12 months?
Not if you are bound for 12 months and you didn't agree cooling off rights.
None will exist automatically I'm afraid.
If there is genuinely no means of cancelling in the contract then none will exist.
They would only have a lost profits claim rather than a claim for the full sum under the contract but nevertheless there would be a claim.
You could always offer a lesser sum in full and final settlement. They might well accept that.
Sorry but I can only give you truthful information.
Can I clarify anything for you?
The starting point is that they are entitled the full amount due under the contract.
You might be able to persuade the court that they only have a lost profits claim but how much that is depends on their figures.