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. Understanding your end of any such agreements is necessary so that you can be aware of any legal consequences. You may be legally accountable for a contract, even if your understanding is incomplete.
How Can I Ensure a Contract is Good?
A careful reading is necessary before you sign any document. Pay special attention to the terms that outline your responsibilities and duties. If the document is too lengthy for a worthwhile read, or it is so commonplace that reading it is not practical, there are still other ways you can effectively review it. Whether they are routine documents or negotiated agreements, an attorney in Elizabethtown, Kentucky can review any contract before you sign it. In reviewing a contract, a lawyer will ensure that your intent is what shows up in the written document.
What if I Don't Understand a Contract in Kentucky?
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. Since it's your understanding that matters, relying on the other party's explanation of the contract terms may lead to problems. In Elizabethtown, you can find a neutral third party that is qualified to review and explain the contract. Specific fields, such as finance, may pose certain demands in contract law that can be cumbersome. But regardless of the situation, a contract under Kentucky law is to give legal effect to the intent of the forming parties.