What must parties to a written contract do before they sign the contract?

Parties must read and understand the contract before signing it because doing so ensures that all individuals involved are fully aware of their rights, responsibilities, and the implications of the agreement. A contract is a legally binding document, and signing it without comprehension can lead to misunderstandings and disputes later on. By taking the time to review the terms, parties can clarify any ambiguities and negotiate terms that align with their intentions. This step is crucial as it lays the groundwork for a transparent and mutual agreement, fostering trust and reducing the risk of future conflicts.

The other options do not reflect a necessary action that must take place before signing a contract. Filing an Intent to Sign form with the state is not a common requirement for most contracts. Consulting an attorney may be a wise step for complex agreements but is not a mandatory action for all contracts. Additionally, consenting to arbitration is typically specific to certain contracts and is usually addressed within the agreement itself, rather than being a prerequisite for signing.