Under certain circumstances, documents simply signed through the course of business may be considered contracts. Purchase orders, receipts, sales agreements and others are contracts when they are held to be legally binding. Understanding your end of any such agreements is crucial so that you can be aware of any legal consequences. You may be legally accountable for a contract, even if your understanding is incomplete.

How Can I Ensure a Contract is Good?

As a general rule, read anything before you sign it. As you read it, make certain you understand the sections that state your obligations. However, documents can often be too lengthy for a worthwhile read, or so commonplace that reading each one is not practical. Luckily, there are other way to make sure the contract is correct. An attorney in Madison, South Dakota 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 South Dakota?

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 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 Madison that is qualified to review and explain the contract. Contract negotiations, especially in the context of specific fields such as finance, can be time consuming and difficult. But as in all contracts, the objective is to record the intent of the parties so that their agreement will be given legal effect under South Dakota law.