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 important that you understand your end of the agreement. If you don?t, you might still be held liable.
How Can I Ensure a Contract is Good?
Before you sign anything, read what you are signing. Pay careful attention to the clauses of your duties under the contract. 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. An attorney in Eden, North Carolina 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 North Carolina?
Although contracts are expressed in words, the agreement itself is what matters. Regardless of the language, parties to a contract are generally legally bound only according to their understanding of the contract. If you do not understand a contract, you might want to look for an outside source in Eden to review and explain it. It is unwise to rely on the other party's representation of what is contained in the contract. Regardless of how complicated the negotiations in a particular field may be, giving the intent of the parties legal effect is the objective of all contracts under North Carolina law.