Set Out Name Contract For Free

Contracts generally define the parties by using a functional reference such as licensee, provider, lender, seller, etc. They may also use a shortened name of the company, if appropriate. You may also choose to use your own shortened business name and use the functional reference for the other.

The legal name on contracts is the registered, official name of the individual or corporation taking part in the agreement. When both parties sign a contract, it becomes legally binding. For this reason, it's important to make sure that you use the correct, legal names of each party when creating a business contract.

If you misstate or fail to properly identify the legal name of the other party to your contract, your contract may be unenforceable against it. Naming parties seems straight forward, but this is actually a very common pitfall; and the repercussions can be significant.

It is up to you, but make sure you are consistent throughout the Agreement. Insert the shortened name after the full name and address has been stated, in inverted comma's, such as ?the Lender?, or ?Jared?, to indicate that throughout the rest of the Agreement the party will be referred to as this name.

Write the contract in six steps Start with a contract template. ... Open with the basic information. ... Describe in detail what you have agreed to. ... Include a description of how the contract will be ended. ... Write into the contract which laws apply and how disputes will be resolved. ... Include space for signatures.

How do you list parties in a contract? Individuals in a contract are listed by using their legal names, without using abbreviated or nicknames. Companies in a contract are listed using the company's full name, the location where the company is incorporated, and the company's entity designation.

(In North America, the common designation for doing business as is ?DBA? or ?d/b/a.? In other countries, ?trading as? is more common, with ?t/a? the abbreviation.)