Parties
Full legal names and entity types for each party, including DBA entries if used, plus contact details for notices and billing to ensure enforceability.
A well-prepared SM2354 reduces ambiguity about scope, timelines, and payment, simplifies internal review, and creates a factual record that supports enforcement and audits while reducing downstream disputes and rework.
The form is used by procurement teams, project managers, finance staff, and vendor representatives to document a service engagement before work begins.
Each signature represents legal commitment; confirm signatory authority and any required witness or notarization before finalizing.
Full legal names and entity types for each party, including DBA entries if used, plus contact details for notices and billing to ensure enforceability.
Clear, itemized description of services, deliverables, and any excluded tasks; tie deliverables to acceptance criteria to reduce scope disputes.
Start/end dates, milestone schedule, and any renewal or extension mechanics so parties know when obligations begin and terminate.
Pay rates, invoicing frequency, accepted payment methods, and late-payment terms to avoid misunderstandings about amounts due and timing.
Limits of liability, indemnification clauses, and required insurance coverages or certificates to allocate risk appropriately between parties.
Designated signatory lines with printed name, title, date, and any witness or notary block required by law or internal policy.
| Field | Configuration |
|---|---|
| Document Template | Upload DOCX or PDF and map fillable fields. |
| Routing Order | Set signer sequence and parallel approvals as needed. |
| Authentication | Choose email, SMS code, or KBA depending on risk. |
| Retention | Enable automatic archival and audit-trail capture. |
Choose delivery channels and signer authentication to match the document's legal sensitivity and your internal policy.
Pick a platform that preserves an audit trail, supports common formats, and integrates with your back-office systems to automate storage and invoicing.
Enter MM/DD/YYYY; aligns start of performance and triggers invoicing cycles.
List milestone due dates clearly to trigger acceptance and payment events.
Specify when invoices are due after milestone acceptance (e.g., within 10 days).
State required notice period (commonly 30 days) for early termination.
Identify retention start tied to effective or termination date for compliance tracking.
Internal review complete and template accepted.
All required signers have executed the form.
Signed agreement attached to billing and PO if required.
Final signed copy stored in contract repository.
| Document Type | SM2354 | Statement of Work | Purchase Order |
|---|---|---|---|
| Primary Purpose | service terms | detailed deliverables | payment authorization |
| Price Detail | scoped pricing | task-based pricing | line-item pricing |
| Approval Flow | contract review required | project manager sign-off | procurement approval |
| Typical Use | medium-term services | project engagements | goods procurement |
| 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 | Varies | Varies | Varies |
| Bulk Send | Yes | Yes | Yes | Yes | No |
| Audit Trail | Yes | Yes | Yes | Yes | Yes |
| HIPAA Compliant | Yes | Yes | Yes | No | No |
| Envelope Cap | No cap | 100 envelopes/user/year | Varies | Varies | Varies |