What should the signature block look like in a contract?

If an entity is a party to a contract, it is imperative that the signature block properly identifies the party signing on behalf of that entity. For example, if someone is signing as president of a corporation, the signature block should look something like this: Acme Widgets, Inc. Why is this so important?

How to properly sign a contract so it will be enforceable?

Thus, if the other party to the contract is a corporation, you need to be sure that the corporation is actually in existence, that the person signing on behalf of the corporation has the authority to do so, and, that the contract was approved by the corporation’s shareholders or directors.

Can a person be bound by a contract in Michigan?

Under Michigan law, you are generally bound by a contract that you sign even if you have no knowledge of its contents. Unless you can prove that the other party engaged in fraud or other wrongdoing in preparing the contract or inducing you to sign it, you will be required to abide by it. 2. Date the Contract.

Do you know the terms of a contract in Michigan?

Before you sign it, be absolutely sure that you fully know and understand the terms of the document. Under Michigan law, you are generally bound by a contract that you sign even if you have no knowledge of its contents.

What are the requirements to form a contract?

To form a contract, there must be: (1) at least two parties with legal capacity to enter the contract; (2) mutual assent to the terms of an agreement; and (3) consideration. Furia v. Furia, 116 A.D.2d 694, 695 (2d Dept. 1986).