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.. As a legally binding agreement, a contract must be fully understood in order for its legal consequences to be appreciated. Not expecting a contract's enforcement is typically no excuse under the law.

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. If so, there are still other ways you can effectively review it. An attorney in Midland Park, New Jersey 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 New Jersey?

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. Since it's your understanding that matters, relying on the other party's explanation of the contract terms may lead to problems. In Midland Park, you can find a neutral third party that is qualified to review and explain the contract. Some specific fields, such as finance, pose specific demands that can be time consuming to fulfill. But no matter how complicated the negotiations, the objective of a contract is to give the intent of the parties legal effect under New Jersey law.