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 crucial 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?
Before you sign anything, read what you are signing. Pay careful attention to the terms of your duties under the contract. 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 Michigan City, Indiana 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 Indiana?
A written contract is the expression of an agreement between two parties; it is not the agreement itself. Regardless of any confusing contract language, you are legally bound only according to both parties' understanding of the contract. Given that your understanding of the contract is what matters, problems can result if you rely exclusively on the other party's representation of the contract terms. There are third parties in Michigan City who are qualified to review and explain contracts. 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 Indiana law.