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Not sure about the situation in your particular state, but in most states you do technically have a contract: you made an offer, it was accepted, there was a "meeting of the minds" and consideration (an agreement about compensation). It makes no difference that it hasn't been signed by the client.

Having said that, I think the Thom had the best advice: honesty.
It is a good idea to familarize yourself with the laws of your state.
 
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