Last year, our company signed an agreement with our Australian counterpart and what we did was to draft out an agreement, email to them the read it, make amendments and email back to us. Once we agreed to the terms, we signed it, return to them via email after scanning the document. When they received it, the other party also signed the agreement and faxed it to us followed by courier of the "original" copy.
As the person who oversaw the signing of this very important agreement from start to finish, I can say that it was extremely tedious and I wished that I could do everything online instead of bringing out the scanner and fax machine too!
Agreements like these that are signed without two parties being in the same room are called e-contracts and they are very popular now with the rise of global trade and you can find people from all corners of the world doing business and trading with each other without even meeting in person at all in some cases.
If I have known of SnapContract which has a website at http://www.snapcontract.com/ back then, I would not have to go through so much paperwork and the hassle if transmitting pages of the agreement to the other party and making sure that they received every sheet of it and that clarity is maintained during transmission.
SnapContract, on the other hand, is a web-based professional Contract builder which allows a company to draft a contract from scratch or from a saved template and once that is done, an email will be sent to the different parties of the contract and they can all access the draft to read and later sign. Not only does this cut down on transaction time SnapContract also provides measure that adheres to ESIGN's standards which means that contracts signed this way are legally binding according to law.
Registration with SnapContract is free so if you have a Contract to sign with your foreign counterpart, why not give this service a try?
As the person who oversaw the signing of this very important agreement from start to finish, I can say that it was extremely tedious and I wished that I could do everything online instead of bringing out the scanner and fax machine too!
Agreements like these that are signed without two parties being in the same room are called e-contracts and they are very popular now with the rise of global trade and you can find people from all corners of the world doing business and trading with each other without even meeting in person at all in some cases.
If I have known of SnapContract which has a website at http://www.snapcontract.com/ back then, I would not have to go through so much paperwork and the hassle if transmitting pages of the agreement to the other party and making sure that they received every sheet of it and that clarity is maintained during transmission.
SnapContract, on the other hand, is a web-based professional Contract builder which allows a company to draft a contract from scratch or from a saved template and once that is done, an email will be sent to the different parties of the contract and they can all access the draft to read and later sign. Not only does this cut down on transaction time SnapContract also provides measure that adheres to ESIGN's standards which means that contracts signed this way are legally binding according to law.
Registration with SnapContract is free so if you have a Contract to sign with your foreign counterpart, why not give this service a try?
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