Some documents that are simply signed through the normal course of business are still contracts. These include purchase orders, receipts, and sales agreements, among others. For any such agreements, it is crucial that you understand your end of the bargain and the legal consequences of it. Otherwise, you could be held legally accountable for something you did not expect.
How Can I Ensure a Contract is Good?
Reading a document before you sign it is obviously the cardinal rule. The terms outlining your duties under the contract are especially worthy of special attention. If the document is too lengthy for a worthwhile read, or it is so commonplace that reading it is not practical, there are still other ways you can effectively review it. An attorney in Anchorage, Alaska can review any standardized documents that are signed during routine business, and can also look over any individual contract before you sign it. As they review contracts, attorneys ensure that the written documents match the intent of their clients.
What if I Don't Understand a Contract in Alaska?
The words of a contract are the expression of an agreement, not the agreement itself. It is the parties' understanding of the contract as it is made that determines its legal effect, regardless of the specific words used. Given that your understanding of the contract is what matters, problems may result if you rely exclusively on the other party's representation of the contract terms. There are third parties in Anchorage who are qualified to review and explain contracts. Some specific fields, such as finance, pose specific demands that can be time consuming to fulfill. But no matter how complicated the negotiations, the objective of a contract is to give the intent of the parties legal effect under Alaska law.