Signing contracts: How it works and how to do it.
Understand what it means to sign on the dotted line and how to do it efficiently, whether you’re hiring a new team member or selling a car.
Why do you need a contract?
Verbal contracts are difficult to enforce. A written contract makes your rights and obligations explicit and the terms of a deal clear. If parties don’t have a written copy of the agreement, it can be difficult to tell if it gets broken. While some regions enforce verbal agreements, it’s better to get everything in writing.
E-sign easily with Acrobat Sign.
Acrobat Sign has everything you need to seal the deal with e-signatures, whether you’re signing a major business deal or a routine employment contract. E-signatures are fast, legal, and the new standard of doing business across the globe.
Every contract starts with the wants or needs from one or more parties and the responsibilities to fulfill those wants or needs by another party. This initial statement of what parties want and what they have to give is known as an offer.
In some contracts, once an offer is presented, a party can decide to accept or reject it. Acceptance can be conditional or contingent on other factors.
All parties to a contract know about the agreement that they’re entering into. Ideally everyone involved is an active participant taking part freely and without coercion.
Contracts have to include the value of what’s agreed upon, like a product, property, or service. There doesn’t necessarily need to be a monetary amount attached to what’s being discussed. What’s important is that all parties acknowledge that the thing or service has an agreed-upon value.
People need to understand what they’re agreeing to when they sign a contract. What’s more, people can’t sign away their legal rights. Everyone signing contracts needs to understand the terms of the agreement and be of sound mind. Parties who are forced to sign a contract against their will, or not able to understand what the contract means, do not have the capacity to be a signatory.
Contracts work because they have the force of law behind them. Contracts are subject to the laws and regulations of whatever jurisdiction they operate in, and have to obey applicable federal and state laws. So, it’s impossible to create a valid contract for illegal activity.
Going digital with CarMax.
Over 25 years, CarMax weathered the transition from a paper-based world to a digital one. But the company wanted to simplify and speed up the car-buying process, and make things easier for customers and store associates alike. By adopting e-signatures, the company was able to better provide home-delivered and curbside pickup of vehicles, and reduce errors and completion time in their workflows.
Avoid the hassle of having to deal with paper documents, and make your written agreements easier and more efficient for everyone with Acrobat Sign.