You well if you always stop to read the fine print before signing anything, congratulations вЂ“ your parents trained. You to a long-term gym membership you don’t really want, an apartment you can’t afford or worst of all, paying off someone else’s loan you cosigned if you don’t, beware: Your signature could commit. Broadly defined, contracts are mutually agreements that are binding two or more events to complete вЂ“ or not do вЂ“ something. It might be as easy as buying coffee (you spend $3 therefore the restaurant agrees to last a drinkable drink), or because complex as signing a 30-year home loan.
Without a doubt about complimentary advice: look over agreements carefully before signing