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 important 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. Lawyer in Staunton, Virginia can review any contract before you sign it, whether it is a negotiated agreement or a standard form signed during routine business. For Lawyer, the process of a contract review is to ensure that the written documents match the legal intent of their clients.
What if I Don't Understand a Contract in Virginia?
Although contracts are expressed in words, the agreement itself is what matters. Regardless of the language, parties to a contract are usually legally bound only according to their understanding of the contract. Since it's your understanding that matters, relying on the other party's explanation of the contract terms might lead to problems. In Staunton, you can find a neutral third party that is qualified to review and explain the contract. Contract negotiations, especially in the context of particular 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 Virginia law.