A document can be considered a contract, even if it is one that is simply signed through the normal 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 typically 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 Islip Terrace, New York can review any standardized documents that are signed during routine business, and can also look over any individual contract before you sign it. As they review contracts, attorneys ensure that the written documents match the intent of their clients.
What if I Don't Understand a Contract in New York?
A written contract is the expression of an agreement between two parties; 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. If you do not understand a contract, you may want to look for an outside source in Islip Terrace to review and explain it. It is unwise to rely on the other party's representation of what is contained in the contract. Specific fields, such as finance, may pose certain demands in contract law that can be cumbersome. But regardless of the situation, a contract under New York law is to give legal effect to the intent of the forming parties.