Identifying parties
Provide registered legal names, business type, and addresses for the principal and the authorized individual to eliminate ambiguity and support third-party verification during onboarding or banking checks.
A clearly drafted Business MAF minimizes disputes over authority, speeds external verification, and strengthens audit trails for internal governance and vendor/bank acceptance.
The Business MAF is completed by internal approvers who manage delegated authority and by third parties that need proof of authority.
Use this template where written delegation reduces operational risk and clarifies signing privileges for staff and external partners.
| Field | Configuration |
|---|---|
| Template name | Business MAF Template |
| Authentication | Email link with optional SMS code |
| Routing | Sequential approvals with conditional steps |
| Output format | PDF with audit trail and certificate |
Provide registered legal names, business type, and addresses for the principal and the authorized individual to eliminate ambiguity and support third-party verification during onboarding or banking checks.
Describe exactly what actions the authorized person may perform, such as signing specific contracts, approving expenditures, or opening accounts, and note any excluded activities to limit exposure.
Include single-transaction and aggregate limits, approval tiers, and whether amounts require secondary signoff to prevent unauthorized high-value commitments.
State effective and expiration dates or event-based termination triggers; this prevents open-ended delegations that could survive personnel changes or reorganizations.
Specify the method for amendment, who may revoke authority, and any notice requirements so revocations are clear and defensible with counterparties.
Record signer name, title, date, and required witness or notarization steps; include a provision that electronic signatures satisfying ESIGN/UETA will be equivalent to handwritten signatures.
| signNow | DocuSign | Adobe Sign | PandaDoc | HelloSign | |
|---|---|---|---|---|---|
| Starting Price | $8/user/mo | $15/user/mo | $14/user/mo | $19/user/mo | $15/user/mo |
| Free Trial | 7-day free trial, no credit card | Varies by vendor | Varies by vendor | Varies by vendor | Varies by vendor |
| Bulk Send | Yes (Business Premium) | Varies by plan | Varies by plan | Varies by plan | Varies by plan |
| Audit Trail | Yes | Yes | Yes | Yes | Yes |
| HIPAA Compliant | Yes | Varies by plan | Varies by plan | Varies by plan | Varies by plan |
| Envelope Cap | No envelope cap | 100 envelopes/user/year limit | Varies by plan | Varies by plan | Varies by plan |