Why do you need a contract?
If parties don’t have a written copy of an agreement, it can be difficult to determine if it gets broken. While some regions enforce verbal agreements, it’s better to get everything in writing.
Contracts help both parties align and understand what’s expected of them in their relationship. But with printing, signing, mailing, faxing, copying, and filing, paper contracts can be time-consuming and a source of frustration. Luckily, with digital e-signature solutions, you can quickly create, share, sign, and save contracts digitally.
How to get a contract signed electronically.
Request signatures from others.
Sign makes it simple to gather the signatures that you need. All you need to do is select Tools › Request E-signatures and Sign will prompt you for the email addresses of the people you want to sign your contract.
You can even password-protect the contract to ensure that only the involved parties can open it. Set a completion deadline with automated reminders that will prompt recipients to take action if the contract sits in their inbox for too long. And add branding to signature requests for a more personalized customer experience.
Nail down all the details.
The components of contracts vary depending on the industry. But in general, any detail that’s important to the project or deal needs to be outlined in the contract. Anything left up for interpretation can cause confusion later. For this reason, precise explanations in every clause are key.
- Identity and contact information. Name both parties and how to get in contact with them.
- Purpose of the contract. List the purpose of the contract and any underlying assumptions.
- Signers’ obligations and rights. Name the duties and the rights that each party will have in the arrangement.
- Timeline details. What is the duration of the contract? List important dates or milestones.
- Payment terms. Describe how payments will be handled, including dates and dollar amounts.
- Warranties and disclaimers. List what one party is or isn’t guaranteeing to the other party.
- Liabilities and indemnification. Identify who’s responsible for damages and who’s protected from liability.
- Signatures for both parties. Both signatories must sign to show their agreement.