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.. For any such agreements, it is necessary that you understand your end of the bargain and the legal consequences of it. Otherwise, you could be held legally accountable for something you did not expect.

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. Luckily, there are other way to make sure the contract is correct. An attorney in Spring Lake, 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?

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 particular words used. Given that your understanding of the contract is what matters, problems can result if you rely exclusively on the other party's representation of the contract terms. There are third parties in Spring Lake who are qualified to review and explain contracts. 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.