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So things to check:
1. if you're late in paying, do you owe interest charges?
2. if they sue you, do you owe legal fees?
3. can they sue you in some god-forsaken jurisdiction (Florida or Minnesota or whatever)? Have you agreed through the contract to personal jurisdiction there?
4. is there mandatory arbitration if there is a dispute? again, in some god-forsake jurisdiction?
Rant and rave all you want, unless you have an out (see Mikey's post) then they could definitely come after you and be a pain in the ass about all this, and you could end up owing more than the thousand bucks.
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