Documents simply signed through the course of normal 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 crucial 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?
A careful reading is necessary before you sign any document. Pay special attention to the clauses that outline your responsibilities and duties. 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 Rockford, 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 meant to simply express an agreement between two parties. They are not the agreement itself. It is your understanding of the contract that typically matters most, regardless of cumbersome contract language. 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 Rockford who are qualified to review and explain contracts. Negotiations in some particular fields, such as finance, can require unique expertise; but no matter how complicated the situation, the objective of contract law in Illinois is to give legal effect to the intent of the parties involved.