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If a contract is ?complete and unambiguous, parol evidence is inadmissible as a matter of substantive law to vary, alter or contradict it in the absence of fraud, accident or mutual mistake.? McLain v. Pernell, 255 Md. 569, 572 (1969), quoted with approval in Bernstein v.
In general, the parol evidence rule prevents the introduction of evidence of prior or contemporaneous negotiations and agreements that contradict, modify, or vary the contractual terms of a written contract when the written contract is intended to be a complete and final expression of the parties' agreement.
Whether proceeding under section (c) or section (d) of this Rule, a party shall set forth by separate defenses: (1) and satisfaction, (2) merger of a claim by arbitration into an award, (3) assumption of risk, (4) collateral estoppel as a defense to a claim, (5) contributory negligence, (6) duress, (7) estoppel, ...
In most cases, there is no cooling off period after signing a contract. However, there are a few exceptions. The Federal Trade Commission's (FTC) Cooling-off Rule applies to purchases made at your home (e.g., door-to-door sales) or at locations that are not the seller's permanent place of business.
However, there are some exceptions. Courts will allow parol evidence in instances when fraud, duress, or mistake would invalidate a contract, when the parties need to clarify an ambiguous contract term, or when there is a completely separate, subsequent agreement, made after the written contract.
Generally, there's no cooling-off period after you sign a contract. (In Maryland, only a few types of transactions, such as door-to-door sales contracts, allow you a certain number of days to cancel.)