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?
Before you sign anything, read what you are signing. Pay careful attention to the clauses of your duties under the contract. 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 Kokomo, Indiana 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 Indiana?
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 Kokomo who are qualified to review and explain contracts. Regardless of how complicated the negotiations in a particular field may be, giving the intent of the parties legal effect is the objective of all contracts under Indiana law.