Documents simply signed through the course of usual 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 the bargain is critical for such agreements, since there may be legal consequences as with any other contract. Accountability for contracts should be anticipated as much as possible.
How Can I Ensure a Contract is Good?
As a general rule, read anything before you sign it. As you read it, make sure you understand the sections that state your obligations. 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. Whether they are routine documents or negotiated agreements, an attorney in Grand Ledge, Michigan 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 Michigan?
A contract is a written form of an agreement, not the agreement itself. Contract language is cumbersome, but it is your understanding of the actual agreement that usually matters most. Since it's your understanding that matters, relying on the other party's explanation of the contract terms might lead to problems. In Grand Ledge, you can find a neutral third party that is qualified to review and explain the contract. Negotiations in some particular fields, such as finance, can require unique expertise; but no matter how complicated the situation, the objective of contract law in Michigan is to give legal effect to the intent of the parties involved.