Documents simply signed through the course of usual business may still be considered contracts. Purchase orders, receipts, sales agreements and others can be held legally binding under certain circumstances. Since the contract is a written agreement between parties, it is necessary that you understand your end of the agreement. If you don?t, you might still be held liable.
How Can I Ensure a Contract is Good?
Reading a document before you sign it is obviously the cardinal rule. The clauses outlining your duties under the contract are especially worthy of special attention. 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 attorney in Salem, Virginia can review any contract before you sign it, whether it is a standardized document or a negotiated document. Lawyers 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 Virginia?
The words of a contract are meant to simply express an agreement between two parties. They are not the agreement itself. It is your understanding of the contract that usually matters most, regardless of cumbersome contract language. Since you will be bound by your understanding of a contract, it is unwise to rely too much on the other party's representation of your duties. A neutral third party in Salem can be hired to review and explain the contract. Particular fields, such as finance, may pose certain demands in contract law that can be cumbersome. But regardless of the situation, a contract under Virginia law is to give legal effect to the intent of the forming parties.