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. A Haverstraw, 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 Attorney will ensure that the legal effect of the documents matches your intent.
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. If you do not understand a contract, you may want to look for an outside source in Haverstraw to review and explain it. It is unwise to rely on the other party's representation of what is contained in 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.