Documents simply signed through the course of ordinary 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 may 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 terms outlining your duties under the contract are especially worthy of special attention. However, documents can often be too lengthy 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. An attorney in Long Grove, Illinois 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 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 specific words used. Since it's your understanding that matters, relying on the other party's explanation of the contract terms can lead to problems. In Long Grove, 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 Illinois law.