Consolidate Initials Contract For Free

Clearly write the changes, and sign your initials next to each change, before signing the entire document. If the other party agrees to the changes, the other party will also initial the changes and sign the document.

The initials should be in ink and written by your hand. They can be in either print or cursive but should be unique to you. If adding your initials to a small change in a contract, be sure to add them in the margin next to the updated information.

While you might not have to initial each page of a contract when you first create it, there may be instances where you need to initial one or more pages later on. Often, initials are a way to acknowledge a small change in a contract after it has been signed to show that both parties agree to the amendment.

If the company changes owners in whole or in part, it is still the same company and this will not terminate any contracts. If, instead, the company sells its business (which is an asset of the company that it can sell like a car or a building), then the contracts are transferred as part of that sale.

Initialing serves as a precautionary measure meant to protect the integrity of the signed document. Interestingly, adding initials on every page of a contract is not a legal requirement for a party to express consent; a signature is sufficient to create a valid contract (under Luxembourgish law, at least).

It serves two main purposes: To confirm that the signer has reviewed and validated every page of the document; To ensure that any of the signing parties does not change the content of the individual pages or does not add a new page after the signature of the document, altering thus its content.

The determination of whether to combine two or more contracts is made at contract inception. Contracts must be entered into with the same customer (or related parties of the customer) at or near the same time in order to account for them as a single contract.