It is a contact. You should read it now, even if you didn't before? You say you didn't have a choice when you signed it? If the other party was putting you under undue duress or unlawfully threatening you in some way, then in many jurisdictions the contract could be deemed unfair and unlawful. However if you felt impatient or impetuous then that is not the case, and you would be as well to either satisfy the contract or seek negotiation.
If you cannot satisfy the contract, then you probably have 3 choices. You can sit down with the employer and lay your cards on the table. If you are a good negotiater you may be able to arrive at a compromise that ultimately fails to totally satisfy either party, but allows you to move on at a reduced cost, or with less notice. Secondly you can seek independent legal advice with a view to escaping the terms of the contract. Thirdly you can default. The final choice is yours, but it is worth remembering that the aviation world is a fairly small one, and your reputation and history will tend to follow you wherever you go. References are often important in securing new employment. Employers will also tend towards the employees they perceive as responsible, trustworthy, sensible, mature and honourable.
The contract may therefore hold a great deal more value than you think.
Last edited by Bealzebub; 26th July 2009 at 22:15.