As a rule of contractual construction and interpretation, ordinary words are to be interpreted according to their ordinary meaning; accordingly, an unambiguous contract will be interpreted as it is written, not on the basis of the secret intent of one party.

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This statement is true. It is a well-established rule of contractual interpretation that ordinary words are to be given their ordinary meaning, and an unambiguous contract is to be read as written. This means that the intent of the parties must be determined from the words they used in the contract, rather than relying on any secret or hidden intentions of one party.

As a Rule of Contractual Construction and Interpretation, Ordinary Words