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?

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 Elmsford, New York attorney can look over a contract before you sign it, as well as review any standardized documents that you deal with on a routine basis. In so doing, the lawyer will ensure that the legal effect of the documents matches your intent.

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

A written contract is the expression of an agreement between two individuals; it is not the agreement itself. Regardless of any confusing contract language, you are legally bound only according to both parties' understanding of the contract. Since the understanding of the contract is the vital aspect, relying on the other party's representation of what the contract contains can lead to problems. You may want to find a third party in Elmsford that is qualified to review and explain the contract. Negotiations in some particular fields, such as finance, can require unique expertise; but no matter how complicated the situation, the objective of contract law in New York is to give legal effect to the intent of the parties involved.