What is the interpretation of a contract?

A contract is a legally binding agreement between two or more parties. In Mississippi, a contract is interpreted by the court based on the express and implied terms of the contract. The express terms are the written words, verbal statements, and other documents that make up the contract. The implied terms are the underlying meaning or intentions of the parties that are not expressed in the written words of the contract. When the court interprets a contract, it will look at all of the evidence submitted in order to determine the intent of the parties when they entered into the contract. It will analyze the contract language and consider any surrounding circumstances in order to determine the intent of the parties. The court is then able to determine the meaning and scope of the contract and decide how the terms of the contract are to be applied. The interpretation of a contract is an important process because it determines the rights and obligations of each party to the agreement. It is important that all parties understand and agree to the terms of the contract to ensure that their rights are adequately protected. If a contract is not properly interpreted, it can lead to misunderstandings and disputes that can be difficult to resolve.

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