The internet has done wonders for the world of communication. You can now enter into a legally binding contract without meeting the other person physically, using an e signature platform to sign documents without leaving your office. E-signature software lets you define how to add signatures to your document. Here are a few ways to make an online contract legally binding.
1 – Get Confirmation of Age
When making an online contract, you must confirm that they are old enough to get into a legally binding contract. Always ask them to provide proof of age. This could include their driver’s license or international passport. Failure to confirm age will render the contract invalid.
If you are dealing with a company, you should also request a copy of their business license. This will help to ensure that you are dealing with a legitimate entity. If the other party is unwilling to provide this information, you should not proceed with the contract.
2 – Include the Conditions of Termination
Your online contract must be clear about the terms of termination. Contracts are usually terminated when all involved parties have filled the terms. However, you should also include other clauses that account for termination. For example, you could include a clause stating that the contract can be terminated should the other party fail to fulfill their side of the agreement.
3 – Draw Up the Terms
If you are making the offer, state the details of the products and services that you will be offering. This should include the names of parties involved in the product contract defects and delays, if any. If you fail to disclose all the relevant information, the other driver could legally hold it against you. When writing your terms of the offer, always include the price or consideration you can accept for the offer.
4 – The Other Party’s Acceptance
Your contract isn’t valid just because you sent the other party your terms. They must read the terms and confirm that they are acceptable. The most common sign of acceptance is the other party signing and mailing the contract terms back to you. They could also state their acceptance explicitly. At this point, your contract can be said to be legally binding. Print out a physical copy of the contract in case you need it in the future.
5 – Understand Signing Requirements
The signing page is the last one on your contract. Generally, there is a space where you can sign each party’s name. The names are printed beneath. Your signature blocks must match the parties’ names completely. If either of the involved parties is a company, the contract must be signed by someone legally fit to bind the company.
Contracts can be used to outline the terms of an agreement, protect your interests, and resolve disputes. In order for a contract to be legally binding, both parties must agree to its terms and conditions. In some cases, it can be difficult to get someone to sign a physical contract. This is where online contracts are useful. With the tips mentioned above, you can get into a legally binding contract on the internet.
