Rules for Interpreting Contract Meaning
Classified in Law & Jurisprudence
Written on in English with a size of 2.82 KB
Understanding Contract Interpretation
The interpretation of a contract refers to its meaning and significance. Several criteria or elements are used in this process.
Criteria for Finding Contract Meaning
Literal Interpretation (Words)
This involves a literal interpretation of the contract. If the terms of a contract are clear and leave no doubt about the intention of the contracting parties, the literal meaning of its clauses prevails. If a word appears to conflict with the clear intention of the parties, the intention will prevail over the literal word.
Systemic Interpretation (Terms)
Contract terms should be considered in relationship with each other. This is a systemic interpretation. The terms of the contract must be interpreted in relation to... Continue reading "Rules for Interpreting Contract Meaning" »