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. As a legally binding agreement, a contract must be fully understood in order for its legal consequences to be appreciated. Not expecting a contract's enforcement is typically no excuse under the law.
How Can I Ensure a Contract is Good?
Reading a document before you sign it is obviously the cardinal rule. The clauses outlining your duties under the contract are especially worthy of special attention. If the document is too long 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. An attorney in Columbia, Maryland 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 Maryland?
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. Since it's your understanding that matters, relying on the other party's explanation of the contract terms may lead to problems. In Columbia, 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 Maryland law.