If you are lied to about a contract before signing it, in order to get you to sign it, that may well be fraud, and fraud allows you to void or undo i.e. get out of a contract. Therefore, if you were in fact lied to before you sign, you likely can get out of the contract without penalty. That does not mean, however, that the other party to the contract can't try to sue you for breach of contract if you do stop performing under the contract, and therefore force you to respond to and deal with a lawsuit what it means is that based on what you write, you would seem to have a good defense to such a lawsuit or other attempt to enforce the contract IF you act shortly after finding out about the lie. If you wait too long, by continuing to perform under the contract, you could possibly be considered to have ratified the contract or waived your right to escape it.