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What does ambiguous mean?
A term that can have more than one meaning.
What do courts do if a contract is clear?
Enforce it exactly as written.
What do courts do if a contract is ambiguous?
Use interpretation tools.
Tool #1 for interpreting ambiguity?
Dictionary definitions.
Tool #2 for interpreting ambiguity?
Whole contract text (read everything together).
Tool #3 for interpreting ambiguity?
Surrounding circumstances (context of deal).
What are adverse presumptions?
Courts interpret unclear terms against the party who wrote them.
Why do courts use adverse presumptions?
To prevent unfair drafting advantage.
White v. PR issue (general idea)?
How courts interpret unclear contract language using context and fairness rules.