A document can be considered a contract, even if it is one that is simply signed through the usual 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 usually no excuse under the law.

How Can I Ensure a Contract is Good?

Obviously, reading anything before you sign it is the first step. But as you read it, pay careful attention to the terms of an agreement that outline your obligations and duties. If the document is too long for a worthwhile read, or it is so commonplace that reading it is not practical, there are still other ways you can effectively review it. Whether they are routine documents or negotiated agreements, an attorney in Dona Ana County, New Mexico can review any contract before you sign it. In reviewing a contract, a lawyer will ensure that your intent is what shows up in the written document.

What if I Don't Understand a Contract in New Mexico?

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 might lead to problems. In Dona Ana County, you can find a neutral third party that is qualified to review and explain the contract. Particular fields, such as finance, may pose certain demands in contract law that can be cumbersome. But regardless of the situation, a contract under New Mexico law is to give legal effect to the intent of the forming parties.