Is an electronic signature legally valid?

Yes. Under the federal ESIGN Act (15 U.S.C. §7001) and state UETA implementations, electronic signatures are generally legally equivalent to handwritten signatures for covered transactions, provided intent and consent to use electronic records are present.

When is a notarization required?

Notarization is required only when state law or the parties specify it, such as for certain real estate instruments or affidavits. For purely commercial DLT service agreements, notarization is seldom required unless the document touches property rights.

What about remote notarization (RON)?

RON is permitted in most states under varying rules; identity proofing, audio-video recording, and session retention are typical requirements. Check the applicable state notary commission for accepted RON procedures.

Do I need a HIPAA BAA for DLT services?

If the DLT implementation will receive, store, or transmit protected health information, include a HIPAA Business Associate Agreement and ensure the vendor supports required safeguards and audit logging.

How should I save the executed document?

Save signed copies in PDF/A or PDF with an attached certificate of completion and retain original appendices; store in a secure repository with access controls and version history.

Can I revoke or amend after signing?

Amendments require mutual agreement documented in writing and executed by authorized signers. Revocation depends on contract terms and applicable law; unilateral revocation is limited absent explicit contract rights.

Electronic Signature
Templates
Miscellaneous
Business Services DLT MAGNUM

Business Services DLT MAGNUM

This template is fully customizable. Edit the text, fill out the fields, and send it for signature. Give it a try!

Business Services DLT MAGNUM

This Business Services Agreement (the Agreement) is entered into as of Effective Date: by and between Service Provider Name: and Client Name: .

WHEREAS

WHEREAS, Service Provider is in the business of providing specialized distributed ledger technology services and related consulting, development and implementation services; and

WHEREAS, Client desires to retain Service Provider to perform certain services in accordance with the terms and conditions set forth in this Agreement, and Service Provider is willing to perform such services for the compensation and on the terms described herein.

WHEREAS, the parties intend by this Agreement to set forth their respective rights and obligations with respect to the services to be provided.

SCOPE OF WORK

1.1 Services. Service Provider shall perform the services and deliver the deliverables described below in a professional and timely manner consistent with industry standards.

Detailed Scope of Work

PAYMENT TERMS

2.1 Compensation. Client shall pay Service Provider for the services the total amount or rates set forth below. All fees are exclusive of taxes and reimbursable expenses unless otherwise stated.

Total Fee (if fixed) Payment Schedule Invoice Terms

2.2 Late Payment. Any undisputed amount not paid within the invoice due period shall accrue a late fee of on the outstanding balance, compounded monthly, or the maximum rate permitted by applicable law, whichever is less.

Reimbursable Expenses (describe)

TERM AND TERMINATION

3.1 Term. The term of this Agreement shall commence on Start Date: and shall continue until End Date: unless earlier terminated in accordance with this Section.

3.2 Termination for Convenience. Either party may terminate this Agreement without cause by delivering written notice to the other party at least Notice Period: days prior to the effective termination date.

3.3 Termination for Cause. Either party may terminate for material breach if the breaching party fails to cure such breach within Cure Period: days after written notice specifying the breach. Termination shall be without prejudice to any rights or remedies that have accrued prior to termination.

CONFIDENTIALITY

4.1 Definition. "Confidential Information" means information disclosed by one party to the other that is designated as confidential or that reasonably should be understood to be confidential given its nature and the circumstances of disclosure, including business plans, technical data, software, specifications, trade secrets, and customer information.

4.2 Obligations. The receiving party shall: (a) protect Confidential Information with at least the same degree of care it uses to protect its own confidential information but in no event less than reasonable care; (b) use Confidential Information only to perform its obligations under this Agreement; and (c) not disclose Confidential Information to any third party except to employees, contractors or advisors who have a need to know and who are bound by confidentiality obligations no less protective than those herein.

4.3 Exclusions. Confidential Information shall not include information that: (a) was known to the receiving party without restriction prior to disclosure; (b) is or becomes publicly available through no breach of this Agreement; (c) is rightfully received from a third party without restriction; or (d) is independently developed by the receiving party without use of or reference to the disclosing party's Confidential Information.

Confidentiality Term (years)

GOVERNING LAW; DISPUTE RESOLUTION

5.1 Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the State of , without regard to its conflict of laws principles.

5.2 Dispute Resolution. The parties shall attempt in good faith to resolve any dispute arising out of or relating to this Agreement promptly by negotiation. If unresolved within thirty (30) days, the parties may pursue any available legal or equitable remedies in the courts of the chosen jurisdiction.

ENTIRE AGREEMENT; MISCELLANEOUS

6.1 Entire Agreement. This Agreement, including all exhibits and attachments, constitutes the entire agreement between the parties with respect to the subject matter hereof and supersedes all prior and contemporaneous agreements, representations and understandings, whether written or oral.

6.2 Independent Contractor. Service Provider is an independent contractor and nothing in this Agreement shall create an employment, partnership or joint venture relationship between the parties.

Notice Address (for service of notices)

6.3 Severability. If any provision of this Agreement is held to be invalid or unenforceable, the remaining provisions will remain in full force and effect.

6.4 Remedies. Except as otherwise provided in this Agreement, remedies are cumulative and available in law or in equity.

Service Provider

Printed Name:

By:

Date:

Client

Printed Name:

By:

Date:

What Business Services DLT MAGNUM Is and When It’s Used

The Business Services DLT MAGNUM is a standardized contractual and operational document used by organizations procuring or providing distributed ledger technology (DLT) services. It records parties, service scope, data access permissions, technical endpoints, performance expectations, and compliance obligations such as privacy and security controls. The form accommodates appendices for technical specifications, service level agreements, and audit requirements and is suitable for both paper and electronic execution in the United States where ESIGN and state UETA provisions permit eSignature use. Proper completion creates a clear record for procurement, security reviews, and regulatory oversight.

Why a Consistent DLT MAGNUM Form Matters

Using a single Business Services DLT MAGNUM template reduces ambiguity about roles, data flows, and liability, shortens negotiation cycles, and supports repeatable compliance checks. It is compatible with U.S. eSignature frameworks and can include privacy or HIPAA addenda where required.

Typical Teams and Roles That Prepare or Sign the Form

The Business Services DLT MAGNUM is prepared and reviewed by cross-functional teams that manage procurement, legal, security, and operations.

IT procurement teams coordinating vendor integrations and technical onboarding
Legal counsel reviewing liability, IP, and compliance language prior to execution
Operations and security staff defining data access, logging, and audit requirements

Final execution commonly requires a named signer with contractual authority and a technical approver to confirm implementation details.

Who Has Authority to Sign

Authorized Signer

Chief Financial Officer or an officer with delegated signature authority typically signs to bind the company. Confirm delegation limits in corporate records and ensure the signer’s name and title match company authorization documents to prevent enforceability disputes.

Technical Approver

A Director of Engineering or CTO-level delegate usually approves technical appendices and confirms endpoint, access, and integration details. Their endorsement documents operational readiness and reduces implementation risk if retained with the executed agreement.

Core Elements to Include in a Professional DLT MAGNUM

A complete Business Services DLT MAGNUM combines commercial, technical, and compliance elements so responsibilities, data use, and security controls are explicit and auditable.

Parties

Full legal entity names, DBA entries as applicable, and contact details for contract notices and technical contacts; include registered addresses and corporate identifiers.

Scope

Concise description of services, transactions to be recorded on the ledger, accepted formats, supported environments, and deliverables tied to measurable acceptance criteria.

Data Access

Permissions, retention, encryption standards in transit and at rest, data sharing limits, and mechanisms for data subject requests or deletion where applicable.

Security Controls

Encryption standards, authentication methods, logging and monitoring expectations, incident response obligations, and periodic audit rights or third-party attestation.

Liability

Limitations of liability, indemnities for breaches or third-party claims, insurance minimums, and carve-outs for willful misconduct or gross negligence.

Compliance Annex

Applicable regulatory controls, required addenda (HIPAA BAA if PHI involved), export controls, and provisions for eSignature and remote notarization where used.

Step-by-Step: Completing the DLT MAGNUM

Follow this sequence to prepare, review, and finalize the form efficiently while preserving an audit trail.

01

Prepare: Collect party details, append technical exhibits, and confirm data categories.
02

Legal Review: Route to counsel for liability and IP clauses; resolve ambiguous terms.
03

Technical Validation: Have technical approver confirm endpoints, formats, and SLAs.
04

Execute: Obtain signatures in the required order and retain signed copy with exhibits.

How to Configure an Online Completion Workflow

Set up roles, fields, and authentication to match your internal approval process before sending the document for signature.

Field	Configuration
Signer Order	Sequential or parallel routing as required by approvals
Auth Method	Email link, SMS code, or KBA for higher assurance
Attachments	Require technical appendices and SLAs as mandatory uploads
Audit Settings	Enable full audit trail and view/download permissions

Where to Send and How the Document Flows

Typical routing sends the completed form from procurement to legal, then to technical approver, and finally to the authorized signer.

Procurement: Uploads completed draft and assigns initial signer role
Legal: Reviews terms and flags required changes
Technical: Validates appendices and confirms implementation timeline
Final Sign: Authorized signer executes and returns final copy

Digital Signing and Distribution Options

Choose a platform that supports industry-standard formats, audit trails, and required integrations for your workflow.

File Formats: PDF, DOCX and exportable XML for system ingestion
Integrations: CRM, ERP, and storage connectors such as Salesforce, NetSuite, and Box
Authentication: Support for email, SMS, KBA, and SSO where required

Retain signed copies in a secure document repository with versioning and role-based access controls for audit readiness.

Common Deadlines and Processing Expectations

Track internal and external deadlines to avoid contract lapses, missed filings, or tax reporting penalties.

Internal Review Period:

Allow 10–21 business days for procurement, legal, and technical reviews

Execution Deadline:

Specify an execution window, commonly 30–60 days from final draft circulation

1099 Reporting:

Independent contractor reporting deadlines to recipients and IRS commonly fall on Jan 31

I-9 Retention:

Retain I-9 records 3 years after hire or 1 year after termination

Audit Response:

Provide requested documentation within 30 days unless statute specifies otherwise

Key Milestones from Draft to Implementation

Monitor these sequential milestones to maintain momentum and preserve an evidentiary audit trail.

01

Draft Completion

Finalize clauses and appendices before internal review begins

02

Cross-Functional Review

Legal, security, and operations provide approvals or redlines

03

Execution

Obtain authorized signatures and record execution timestamps

04

Operational Handoff

Technical team implements integrations and confirms service readiness

Common Preparation Errors to Avoid

Leaving technical appendices incomplete causes integration delays and repeated contract amendments during implementation.
Using vague language for data permissions triggers disagreement about access rights and can expose the organization to compliance risk.
Mismatched signer names or titles versus corporate authorization records leads to enforceability questions and possible re-execution.
Failing to attach required privacy addenda (for PHI) or insurance certificates prolongs vendor onboarding and may breach procurement rules.

Essential Data Fields to Collect

Party Names: Full legal names

Addresses: Street, city, state, ZIP

Contact Emails: Operational and legal contacts

Service Scope: Concise service description

Data Types: PII, PHI, metadata

Signature Dates: Execution timestamps

Penalties and Risks from Incorrect or Late Documentation

Contract Void Risk: Invalid terms

Regulatory Exposure: Compliance fines

Tax Penalties: 1099 late fees

Data Breach Liability: Civil damage claims

Operational Delay: Implementation stalls

Reputational Harm: Customer trust loss

eSignature Pricing and Feature Comparison for Executing DLT MAGNUM

Comparison of representative eSignature vendor entry-level pricing and common feature availability to inform platform selection for high-volume DLT service agreements.

	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	Yes, 7-day trial	Varies by vendor	Varies by vendor	Varies by vendor	Varies by vendor
Bulk Send	Yes	Yes	Yes	Yes	No
Audit Trail	Yes	Yes	Yes	Yes	Yes
HIPAA Compliant	Yes	Yes	Yes	No	No
Envelope Cap	No envelope cap	100 envelopes/user/year	Varies by plan	Varies by plan	Varies by plan

Frequently Asked Questions About Use and Signing

Answers to common questions about legal validity, eSigning, notarization, and practical issues when completing the Business Services DLT MAGNUM.

Need help? Contact support

Is an electronic signature legally valid?
Yes. Under the federal ESIGN Act (15 U.S.C. §7001) and state UETA implementations, electronic signatures are generally legally equivalent to handwritten signatures for covered transactions, provided intent and consent to use electronic records are present.
When is a notarization required?
Notarization is required only when state law or the parties specify it, such as for certain real estate instruments or affidavits. For purely commercial DLT service agreements, notarization is seldom required unless the document touches property rights.
What about remote notarization (RON)?
RON is permitted in most states under varying rules; identity proofing, audio-video recording, and session retention are typical requirements. Check the applicable state notary commission for accepted RON procedures.
Do I need a HIPAA BAA for DLT services?
If the DLT implementation will receive, store, or transmit protected health information, include a HIPAA Business Associate Agreement and ensure the vendor supports required safeguards and audit logging.
How should I save the executed document?
Save signed copies in PDF/A or PDF with an attached certificate of completion and retain original appendices; store in a secure repository with access controls and version history.
Can I revoke or amend after signing?
Amendments require mutual agreement documented in writing and executed by authorized signers. Revocation depends on contract terms and applicable law; unilateral revocation is limited absent explicit contract rights.

be ready to get more

Join over 28 million airSlate SignNow users

Sign Now