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 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. A West Lafayette, 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?
Although contracts are expressed in words, the agreement itself is what matters. Regardless of the language, parties to a contract are typically legally bound only according to their understanding of the contract. If you do not understand a contract, you might want to look for an outside source in West Lafayette to review and explain it. It is unwise to rely on the other party's representation of what is contained in the contract. 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.