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. Understanding your end of any such agreements is crucial so that you can be aware of any legal consequences. You may be legally accountable for a contract, even if your understanding is incomplete.
How Can I Ensure a Contract is Good?
Before you sign anything, read what you are signing. Pay careful attention to the terms of your duties under the contract. 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 Denver, Colorado can review any contract before you sign it, whether it is a standardized document or a negotiated agreement. Attorneys 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 Colorado?
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. Since it's your understanding that matters, relying on the other party's explanation of the contract terms may lead to problems. In Denver, you can find a neutral third party that is qualified to review and explain the contract. Contract negotiations, especially in the context of specific fields such as finance, can be time consuming and difficult. But as in all contracts, the objective is to record the intent of the parties so that their agreement will be given legal effect under Colorado law.