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.. 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 generally 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. Lawyer in Old Tappan, New Jersey can review any contract before you sign it, whether it is a negotiated agreement or a standard form signed during routine business. For Lawyer, the process of a contract review is to ensure that the written documents match the legal intent of their clients.
What if I Don't Understand a Contract in New Jersey?
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. 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 Old Tappan who are qualified to review and explain contracts. Contract negotiations, especially in the context of particular 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 New Jersey law.