Contracts are everywhere. You enter into them every time you sign a lease, get hired for a job or even agree to house sit for your neighbor. Some contracts are more binding than others though and at times, you might not even realize you’ve entered one.
Many people are nervous at the idea of entering into a contract, and for good reason. Complex formal contracts can be filled with unfamiliar industry terms, and without taking the time to familiarize yourself with them before signing, you might feel as though you’re being tricked into terms you didn’t even realize were there.
But most contract holders aren’t out to take advantage of anyone — they simply want to protect their assets. In fact, most contract disputes result from opposing interpretations of the contract’s terms, dissatisfied contract holders or a party’s inability to uphold their end of the deal.