Parties
Full legal names and addresses for each party, plus primary contract contact information and billing details for accounts payable.
A properly completed W23016 reduces misunderstandings about deliverables, clarifies payment and performance terms, and creates an auditable record for procurement and accounting teams.
Assign the form to the appropriate role early to avoid delays in routing, approvals, and payment processing.
| Field | Configuration |
|---|---|
| Signer Authentication | Email link or SMS code; use stronger auth for high-value contracts |
| Routing Order | Sequential approvals: procurement → finance → executive signatory |
| Notifications | Automatic reminders at set intervals until signing completes |
| Attachments | Allow supporting docs: insurance, W-9, certificate of insurance |
Ensure any chosen solution meets your security, compliance, and IT integration requirements before deployment.
Full legal names and addresses for each party, plus primary contract contact information and billing details for accounts payable.
Clear description of services, deliverables, milestones, acceptance criteria, and any exemptions or exclusions from the statement of work.
Firm pricing or rates, payment schedule, expense reimbursement rules, late payment interest, and invoicing instructions.
Contract start and end dates, renewal provisions, termination for convenience or cause, and notice periods for each party.
Non-disclosure provisions, data handling rules, and any permitted disclosures or carve-outs for legal compliance.
Certifications, insurance minimums, regulatory obligations, and requirement to provide certificates or attestations on request.
Provide W-9 upon payer request; no fixed IRS filing deadline
Issue to recipient and IRS by January 31 each year
Individual tax returns due April 15 (extension to Oct 15 with Form 4868)
Retain for 3 years after hire or 1 year after termination, whichever is later (8 CFR §274a.2)
Start and termination dates control performance and statute of limitations timing
| 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 | Trial available | Trial available | Trial available | Trial available |
| Bulk Send | Yes (Business Premium) | Yes | Yes | Yes | No |
| Audit Trail | Yes | Yes | Yes | Yes | Yes |
| HIPAA Compliant | Yes | Yes | Yes | No | No |
Optica standardized its vendor scope templates to reduce negotiation time by eliminating ambiguous deliverables.
A regional property manager digitized service agreements for routine maintenance to speed approvals.