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A GUIDE TO CONTRACT INTERPRETATION - Reed Smith

A GUIDE TOCONTRACTINTERPRETATIONJuly 2014byVincent R. Martorana July 2014 Reed Smith LLPAll rights GUIDE is intended for an audience of attorneys and does not constitute legal advice please see Scope of this GUIDE and Disclaimer. TABLE OF CONTENTS i CONTENTS PAGE I. INTRODUCTION .. 1 A. Purpose of this GUIDE .. 1 B. Scope of this GUIDE and Disclaimer .. 2 C. Author Bio .. 3 II. CONTRACT - INTERPRETATION FLOW CHART .. 4 III. CONTRACT - INTERPRETATION PRINCIPLES AND CASE-LAW SUPPLEMENT .. 5 A. Determine the intent of the parties with respect to the provision at issue at the time the CONTRACT was made.

only one reasonable interpretation, that interpretation controls ..... 11 c. The contract should be viewed in light of the circumstances ... Contracts should be construed in a commercially reasonable manner ..... 15 f. A provision is not ambiguous simply because the parties disagree as to its construction or urge alternative ...

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