It should say in your contract what other penalties there may be if you cancel the contract. Do you have an English version of your contract? If not would suggest you get a translation and consult an independent lawyer.
do you know if there would be any other implications by terminating the contract?
I can´t give an advice before having read your full contract.
Although talking in general terms, if you´ve ONLY paid a non-refundable deposit, then that´s the only penalty you´ll have. Altough at times you just might be able to recover it, albeit this seldom happens and only after a hard fight.
You must understand that it´s logical to impose you a penalty for pulling out unilaterally from a contract for no contractual reason whatsoever.
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