Who is the correct person to sign a contract?

Here’s a basic “how-to” on signing contracts. The correct legal persons should sign the contract Only legal persons are parties to contracts. Legal persons can be humans (which are legally known as “individuals”) or corporations, limited liability companies, and other entities.

Who is an authorized signatory on a contract?

A contract signature line may include “Authorized Signatory” after “Title,” this is where an authorized individual can physically sign the document on behalf of the entity it represents. The contract signature page can affect whether a document is enforceable, so it’s important to understand and know what is required when signing the document.

Who are the legal persons in a contract?

Only legal persons are parties to contracts. Legal persons can be humans (which are legally known as “individuals”) or corporations, limited liability companies, and other entities. As a general rule, if an entity wasn’t formed by filing a document with the Secretary of State, individuals are going to be on the hook for its contracts.

How many directors are needed to sign a contract?

1 two directors of a company; 2 one director and one company secretary; or 3 the sole director who is also the company secretary, for proprietary companies only.

What does it mean to be a signatory on a contract?

A signature on a contract document binds an agreement between two parties. Once the contract has all required signatures, the document becomes legally binding. Individuals or parties who sign an agreement are referred to as signatories.

Do you need a human agent to sign a contract?

Although entities are legal persons for most purposes, they need human agents to act for them. Because an entity’s contracts are signed by a human, it’s important to be clear that the human is signing the contract on behalf of the entity and not in his or her individual capacity.

Do you have to use your real name when signing a business contract?

Whether you’re the owner of the company or an employee of a business signing a contract on behalf of that business, you probably don’t intend to risk your personal assets when you sign the contract. Failing to use the company’s real name could jeopardize your intentions.