Parties
Full legal names and entity types for each party, including DBA names where applicable, registered addresses, and a designated contract contact for notices and invoicing.
A clear, consistent SL2 reduces disputes by documenting scope, payment terms, and change processes. It supports auditability when retained with an audit trail and helps demonstrate intent and consent for electronic execution under ESIGN and state e-signature laws.
Common users include contract administrators, account managers, and procurement professionals who manage recurring service relationships.
Outside counsel, finance teams, and project managers also review or execute the SL2 to confirm legal, billing, and delivery terms.
Full legal names and entity types for each party, including DBA names where applicable, registered addresses, and a designated contract contact for notices and invoicing.
Precise description of services, deliverables, milestones, acceptance criteria, and any excluded activities to reduce ambiguity and limit scope creep during performance.
Effective date, initial term, renewal mechanics, and termination triggers; include notice windows and early-termination liabilities to manage expectations and notice timing.
Pricing model (fixed, hourly, subscription), invoicing schedule, late payment interest, and any taxes or reimbursements; define approval for change-order rates.
Limitation of liability, indemnities, confidentiality obligations, and intellectual property ownership or licensing terms tied to deliverables and preexisting materials.
Clear signatory lines for authorized representatives, printed names, titles, and execution dates; include notary or witness lines if state law or parties require them.
| Setting | Recommended value | Field | Configuration |
|---|---|
| Authentication | Email link with optional SMS code |
| Audit Trail | Enable full time-stamped history |
| Field Validation | Use required fields and format checks |
| Retention | Store signed PDF and metadata |
Ensure the platform supports export of signed PDFs, audit logs, secure storage with AES-256 encryption, and any required regulatory controls such as HIPAA BAAs or 21 CFR Part 11 features.
| 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 | Varies by plan | Varies by plan | Varies by plan | Varies by plan |
| Bulk Send | Yes | Yes | Yes | Yes | No |
| Audit Trail | Yes | Yes | Yes | Yes | Yes |
| HIPAA Compliant | Yes | Yes | Yes | No | No |