Book Excerpt: Contract Formation and Interpretation

An excerpt from Business Law Basics, this one dealing with the formation and interpretation of contracts under general principles of common law, can be downloaded here.  

As noted here before, contracts may be formed by certain words or conduct, even unintentionally, and the interpretation of words found in contracts, and their legal impact, are at the center of many (perhaps most) litigation matters. The impact of entering into a binding legal agreement, and the affect of wording found in such agreements as well as in ancillary documents, is of profound importance in virtually all commercial transactions as well.