Contract and agreement interpretation is the process of determining the meaning and intent of the terms and provisions of a contract or agreement. This can be a complex and nuanced process, as contracts and agreements often contain technical language and provisions that may be open to multiple interpretations.
When interpreting a contract or agreement, it is important to consider the context in which the document was created and the parties’ intentions at the time it was executed. In some cases, the parties’ intentions may be clear from the language of the document itself, while in other cases it may be necessary to consider extrinsic evidence, such as the parties’ prior dealings or the industry in which they operate.
There are several principles that are commonly used to guide contract and agreement interpretation, including:
By considering these principles and other relevant factors, it is possible to effectively interpret the terms and provisions of a contract or agreement and determine the parties’ rights and obligations under the document.