Parties
Identify each contracting party using their full legal name, business type (LLC, Corp), and principal place of business; include the appropriate taxpayer identification number when required for payments or reporting.
A clear Business WASA Document reduces ambiguity about authority, obligations, and payment terms, supports audits, and creates an auditable record that aligns with ESIGN and UETA principles when electronic execution is used.
Typical users and roles that complete the Business WASA Document include legal, operations, finance, and external vendors.
Responsibility often maps to organizational controls: smaller firms assign an authorized manager or CFO, while larger organizations use delegated signature workflows with clear approvers.
Identify each contracting party using their full legal name, business type (LLC, Corp), and principal place of business; include the appropriate taxpayer identification number when required for payments or reporting.
Describe authorized activities, deliverables, milestones, and exclusions in clear, measurable terms; attach exhibits for technical specifications, schedules, and acceptance criteria to avoid ambiguity.
State the effective date using MM/DD/YYYY format and specify whether the agreement auto-renews or terminates on fixed completion criteria and notice periods.
Record payment amounts, timing, invoicing procedures, late fees, and any performance-based adjustments; reference currency and tax responsibilities for finance teams during the performance period.
Provide signature blocks for all parties with printed name, title, date lines, and clear authorization statements; indicate who may sign for an entity and if witnesses or notarization are required.
Specify retention obligations, who maintains the record, storage method, and destruction or archiving procedures consistent with IRS, HIPAA, or industry-specific rules.
| Field | Configuration |
|---|---|
| Signer Access | Email link or direct signing link; guest signing permitted |
| Authentication | Email verification; optional SMS or KBA for higher assurance |
| Routing Order | Sequential or parallel signer order with conditional routing |
| Audit Trail | Capture IP, timestamps, and action logs for each signer |
Platforms used for electronic completion should meet security, access, and compatibility needs for the Business WASA Document.
Provide forms such as W-9 to payers before initiating payments.
Obtain signatures before performance start or specified effective date.
Arrange notary or witnesses concurrent with signing if required.
Send executed copies to all parties and retain originals promptly.
Retention starts at execution or effective date depending on clause.
| Comparison Criteria and Document Types | Business WASA | Standard Contract |
|---|---|---|
| Primary Purpose | authorize activity | general obligations |
| Signatory Scope | named officers only | broader counterparty signatures |
| Notarization | rarely required | depends on document type |
| Record Retention | follow corporate retention | varies by law and industry |
| 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 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 |