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 terms of your duties under the contract. However, documents can often be too lengthy 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 Glen Cove, New York can review any contract before you sign it, whether it is a standardized document or a negotiated agreement. Attorneys review contracts to ensure that the intent of their client is given proper legal expression within the written documents.

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

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 specific words used. Since it's your understanding that matters, relying on the other party's explanation of the contract terms can lead to problems. In Glen Cove, you can find a neutral third party that is qualified to review and explain the contract. Some specific fields, such as finance, pose certain 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 York law.