A document can be considered a contract, even if it is one that is simply signed through the normal course of business. If they are held legally binding, purchase orders, receipts, sales agreements and others are properly classified as contracts.. As a legally binding agreement, a contract must be fully understood in order for its legal consequences to be appreciated. Not expecting a contract's enforcement is typically no excuse under the law.

How Can I Ensure a Contract is Good?

As a general rule, read anything before you sign it. As you read it, make sure you understand the sections that state your obligations. However, documents can often be too long for a worthwhile read, or so commonplace that reading each one is not practical. Luckily, there are other way to make sure the contract is correct. An attorney in Bernalillo, New Mexico can review any contract before you sign it, whether it is a standardized document or a negotiated document. Lawyers review contracts to ensure that the intent of their client is given proper legal expression within the written documents.

What if I Don't Understand a Contract in New Mexico?

A written contract is the expression of an agreement between two individuals; it is not the agreement itself. Regardless of any confusing contract language, you are legally bound only according to both parties' understanding of the contract. Since you will be bound by your understanding of a contract, it is unwise to rely too much on the other party's representation of your duties. A neutral third party in Bernalillo can be hired to review and explain the contract. Specific fields, such as finance, may pose certain demands in contract law that can be cumbersome. But regardless of the situation, a contract under New Mexico law is to give legal effect to the intent of the forming parties.