A document can be considered a contract, even if it is one that is simply signed through the normal 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 critical 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. Luckily, there are other way to make sure the contract is correct. A Pontotoc, Mississippi 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 Mississippi?
The words of a contract are the expression of an agreement, not the agreement itself. It is the parties' understanding of the contract as it is made that determines its legal effect, regardless of the specific words used. Since it's your understanding that matters, relying on the other party's explanation of the contract terms may lead to problems. In Pontotoc, you can find a neutral third party that is qualified to review and explain the contract. Contract negotiations, especially in the context of specific 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 Mississippi law.