Why Should I Review a Contract?
Some documents that are simply signed through the usual course of business are still contracts. These include purchase orders, receipts, and sales agreements, among others. For any such agreements, it is important 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 clauses outlining your duties under the contract are especially worthy of special attention. 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. A Fayette, Alabama attorney can look over a contract before you sign it, as well as review any standardized documents that you deal with on a routine basis. In so doing, the lawyer will ensure that the legal effect of the documents matches your intent.
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What if I Don't Understand a Contract in Alabama?
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 particular words used. If you do not understand a contract, you might want to look for an outside source in Fayette to review and explain it. It is unwise to rely on the other party's representation of what is contained in the contract. Certain fields, such as finance, may pose certain demands in contract law that can be cumbersome. But regardless of the situation, a contract under Alabama law is to give legal effect to the intent of the forming parties.