The document discusses several standards for interpreting contracts:
- Clear and unambiguous language means what it says without looking at other factors
- Specific wording in a contract is given greater weight than general language
- If one item is mentioned, other similar items are generally excluded
- Lists of specific items limit general language to only items of the same nature
- Words must be interpreted based on their context and surrounding text
- The entire contract must be considered as a whole, not just parts in isolation
- Words will be given their ordinary meaning unless otherwise indicated