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. Understanding your end of the bargain is essential 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 certain you understand the sections that state your obligations. However, documents can often be too lengthy 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. Attorney in Troy, Michigan can review any contract before you sign it, whether it is a negotiated agreement or a standard form signed during routine business. For Attorney, the process of a contract review is to ensure that the written documents match the legal intent of their clients.
What if I Don't Understand a Contract in Michigan?
A written contract is the expression of an agreement between two parties; it is not the agreement itself. Regardless of any confusing contract language, you are legally bound only according to both parties' understanding of the contract. If you do not understand a contract, you may want to look for an outside source in Troy to review and explain it. It is unwise to rely on the other party's representation of what is contained in the contract. Certain fields, such as finance, may pose certain demands in contract law that can be cumbersome. But regardless of the situation, a contract under Michigan law is to give legal effect to the intent of the forming parties.