Documents simply signed through the course of usual business may still be considered contracts. Purchase orders, receipts, sales agreements and others can be held legally binding under certain circumstances. Since the contract is a written agreement between parties, it is critical that you understand your end of the agreement. If you don?t, you might still be held liable.
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. If so, there are still other ways you can effectively review it. A Lake Zurich, Illinois 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.
What if I Don't Understand a Contract in Illinois?
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 Lake Zurich to review and explain it. It is unwise to rely on the other party's representation of what is contained in the contract. Some specific fields, such as finance, pose particular 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 Illinois law.