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 necessary 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. An attorney in Portage, Indiana 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, lawyers ensure that the written documents match the intent of their clients.

What if I Don't Understand a Contract in Indiana?

Although contracts are expressed in words, the agreement itself is what matters. Regardless of the language, parties to a contract are generally legally bound only according to their understanding of the contract. Since it's your understanding that matters, relying on the other party's explanation of the contract terms can lead to problems. In Portage, you can find a neutral third party that is qualified to review and explain the contract. Contract negotiations, especially in the context of particular 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.