Contract Signing Definition

When two parties come to an agreement, they may sign a contract in order to make the agreement legally binding. This is known as contract signing. Contract signing can take place electronically or in person, and it typically involves both parties exchanging signatures on the document.

In order for a contract to be valid, both parties must agree to its terms and sign their names to it. Once a contract is signed, both parties are legally bound to uphold their end of the agreement. If one party fails to do so, they may be held liable in a court of law.

There are many different types of contracts that can be signed, ranging from simple agreements between two individuals to complex business deals involving multiple companies. No matter the type of contract, though, all parties must agree to its terms before signing it into law.