Contracts

e-Signature

Legally binding electronic execution of an agreement, with the signing order, identity and timestamp recorded.

The mechanics that matter operationally are sequential routing — signers in an enforced order — and sealing, where the executed version becomes an immutable record that cannot diverge from what was agreed.

For incentive programmes execution should also be the trigger: only an executed agreement should be able to accrue.

Related terms

Contract lifecycle management (CLM)

Managing a commercial agreement from drafting through negotiation, execution, amendment, renewal and expiry.

Redline

Proposed changes to a contract shown inline with attribution, so each party can see exactly what the other altered.

Contract drift

The divergence between the terms actually signed and the terms the systems are operating on.

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