Perfect contract and how to insert signature in word
Rental agreement, service agreement, franchise agreement, … These legal documents, which establish the rules of a relationship between two or more parties, are essential in any segment, as they formalize agreements. And to prepare a good contract, which serves the purpose of establishing rights and obligations, it is ALWAYS necessary for you to adapt it to the demand of the contractors, that is, there is no ready contract.
However, it would be best if you understood that there is a bad habit on the part of many business people and legal professionals: using ready-made contract templates, found on the internet, and trusting that these models fully satisfy their needs. Therefore, you should create your documents yourself, knowing how to insert signature in word, how to define the contract type, how to establish payment method, and so on.
Failure to adopt these models in the legally correct manner may jeopardize the relationship established there, not to mention the possible legal flaws that they may present. So, yes, you should use a ready-made contract template, there is no problem with that but count on the help of your lawyer to make the necessary changes. It is also essential for you to carefully check the concessions and requirements so that the legal certainty of the relationship that will be formalized by the contract is as great as possible.
Either way, with or without legal help, in this article, you will learn how to make a practically perfect contract, understanding the legal provisions that guide it and the rules that should appear in the document. Good reading!
Step 1: Define the type of contract.
The first step you need to know in drawing up a practically perfect contract is to define its type. Will it be a labor contract, lease, service provision, or a social contract for setting up companies? The choice of the kind of agreement is directly linked to its purpose, to the type of relationship that will be established – this is the only way to guarantee that its elements will be adequate for the purpose.
Step 2: Identify the contractual elements
After defining the contractual type, you must address its subjective and objective elements. You should be able to identify the contractors, whether individuals or legal entities. It is necessary for you to have a complete qualification, covering the name or corporate name, address, and personal data of the representative (in the case of a legal entity).
Step 3: Establish contract values and payment method
To make a practically perfect contract, you must include all bonuses and charges related to the relationship. It is recommended to state what each value refers to, as well as make the payment method clear. Will, there be installments, or will the payment be made in full in cash? Is there a down payment or deadline?
Step 4: Secure guarantees
Guarantees are necessary instruments to ensure the fulfillment of the obligations contained in the contract, be it the payment of debts or the expenses arising from the document. When they do not exist, one party will only be able to count on the word of the other regarding execution, and it isn’t straightforward to make a practically perfect contract without guarantees. When the contract is not fulfilled, and there are no established guarantees, the eventual legal dispute may be longer than usual. In this step, you must understand how to insert signature in word to secure guarantee on your document. On almost all document types, the signature is essential.
Step 5: Set a contract term
To make a practically perfect contract, you need to evaluate how long the obligations will be executed. There are contracts for fixed and indefinite terms, and to establish a term for the duration of the contractual relationship, the parties must negotiate and take into account the type of document. The rental agreement, for example, usually lasts at least 12 months. An employment contract is, as a rule, indeterminate, but it can also be determined, as in experience contracts. There are contractual relationships that have phases, for example. In these cases, you have to specify the renewal terms, and the need for an amendment to extend the duration of the contract, among other points.
The five steps above are the beginning. There are still some other steps that need to be learned, which will be discussed in a future article. Thank you for reading. Hopefully, this article is useful to you.