A document can be considered a contract, even if it is one that is simply signed through the ordinary course of business. If they are held legally binding, purchase orders, receipts, sales agreements and others are properly classified as contracts.. Since the contract is a written agreement between parties, it is essential that you understand your end of the agreement. If you don?t, you may still be held liable.
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. 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. A Troy, Missouri 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 attorney will ensure that the legal effect of the documents matches your intent.
What if I Don't Understand a Contract in Missouri?
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 generally matters most, regardless of cumbersome contract language. 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. Negotiations in some specific fields, such as finance, can require unique expertise; but no matter how complicated the situation, the objective of contract law in Missouri is to give legal effect to the intent of the parties involved.