Establishing secure connection…Loading editor…Preparing document…

Legal SRA Document

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

Legal SRA Document

This Service Resale Agreement (the "Agreement") is made and entered into as of the day of , by and between Reseller Name: , with principal address at ; and Supplier Name: , with principal address at . Each of Reseller and Supplier may be referred to herein as a "Party" and jointly as the "Parties."

Recitals

WHEREAS, Supplier develops, licenses, or distributes the products and services described as: (the "Products"); and

WHEREAS, Reseller desires to market, promote and resell the Products within the territory described in this Agreement under the terms set forth herein; and

WHEREAS, Supplier desires to appoint Reseller on a non-exclusive or exclusive basis as specified below, and Reseller desires such appointment, subject to the terms and conditions of this Agreement.

NOW THEREFORE

NOW THEREFORE, in consideration of the mutual covenants and agreements contained herein and other good and valuable consideration, the Parties agree as follows:

1. Definitions

1.1 "Confidential Information" means all non-public information disclosed by a Party to the other Party related to business, customers, pricing, technical information, or other proprietary matters, whether disclosed orally, visually or in writing and identified as confidential or that reasonably should be understood to be confidential.

1.2 "Territory" means the geographic area described as: .

2. Appointment and Scope

2.1 Appointment. Supplier hereby appoints Reseller to market, promote, and resell the Products in the Territory, and Reseller accepts such appointment subject to the terms and conditions of this Agreement.

2.2 Scope. Reseller is authorized to resell the Products to End Customers and to provide first-line customer support only to the extent expressly permitted in this Agreement. Reseller shall not make any representations, warranties or commitments on behalf of Supplier except as expressly authorized in writing.

3. Reseller Obligations

3.1 Compliance. Reseller shall comply with all applicable laws and regulations in performing its obligations hereunder and shall not engage in false, misleading or deceptive marketing or advertising.

3.2 Reporting. Reseller shall provide sales reports and other reasonably requested documentation concerning sales, inventory and customer complaints on a quarterly basis or as otherwise agreed in writing.

4. Supplier Obligations

4.1 Supply. Supplier shall use commercially reasonable efforts to supply Products in accordance with accepted purchase orders and shall notify Reseller promptly of any anticipated delays.

4.2 Support. Supplier shall provide the level of technical support for the Products as described: .

5. Fees, Pricing and Payment

5.1 Pricing. The Reseller shall purchase Products from Supplier at the prices set forth in the applicable price schedule. Reseller's resale prices are at Reseller's discretion, provided Reseller complies with any minimum advertised price policies expressly communicated in writing.

6. Term and Termination

6.1 Term. This Agreement shall commence on the effective date and continue for an initial term of unless earlier terminated as provided herein.

6.2 Termination for Cause. Either Party may terminate this Agreement for material breach by the other Party that remains uncured for thirty (30) days after written notice specifying the nature of the breach.

7. Confidentiality

7.1 Non-Disclosure. Each Party shall keep Confidential Information of the other Party confidential and shall not use or disclose such Confidential Information except as required to perform its obligations under this Agreement or as required by law, provided that the receiving Party gives prompt notice to the disclosing Party and seeks protective measures.

8. Intellectual Property

8.1 Ownership. Supplier retains all right, title and interest in and to its trademarks, trade names, copyrights, patents and other intellectual property associated with the Products. Nothing in this Agreement conveys any ownership interest in Supplier's intellectual property to Reseller.

8.2 License to Reseller. Supplier grants Reseller a limited, non-transferable, non-exclusive right to use Supplier's trademarks and marketing materials solely to market and resell the Products in the Territory in accordance with Supplier's brand guidelines.

9. Warranties; Disclaimer

9.1 Mutual Warranties. Each Party represents and warrants that it has the right and authority to enter into and perform this Agreement and that performance will not violate any other agreement.

9.2 Supplier Warranty. Supplier warrants that Products will materially conform to Supplier's published specifications for a period of from delivery. EXCEPT AS EXPRESSLY PROVIDED, THE PRODUCTS ARE PROVIDED "AS IS" AND SUPPLIER DISCLAIMS ALL OTHER WARRANTIES, EXPRESS OR IMPLIED.

10. Indemnification

10.1 Indemnity by Supplier. Supplier shall indemnify and hold Reseller harmless from third party claims that the Products infringe a valid U.S. patent, copyright or trademark, subject to Supplier's sole control of the defense and settlement of any such claim.

10.2 Indemnity by Reseller. Reseller shall indemnify Supplier for claims arising from Reseller's breach of its obligations, unauthorized modifications, or negligent resale practices.

11. Limitation of Liability

EXCEPT FOR LIABILITY ARISING FROM A PARTY'S GROSS NEGLIGENCE, WILLFUL MISCONDUCT, OR INDEMNIFICATION OBLIGATIONS, NEITHER PARTY SHALL BE LIABLE FOR INDIRECT, INCIDENTAL, CONSEQUENTIAL OR PUNITIVE DAMAGES. A PARTY'S AGGREGATE LIABILITY FOR DIRECT DAMAGES SHALL BE LIMITED TO THE AMOUNTS PAID OR PAYABLE BY RESELLER TO SUPPLIER UNDER THIS AGREEMENT DURING THE TWELVE (12) MONTHS PRECEDING THE CLAIM.

12. Notices

All notices required under this Agreement shall be in writing and delivered to the addresses set forth below or to such other address as a Party designates by notice in accordance with this Section. Notices shall be deemed given on the date of personal delivery, three (3) days after deposit with a nationally recognized overnight courier, or five (5) days after mailing by certified mail.

13. Amendments

This Agreement may be amended only by a written instrument signed by authorized representatives of both Parties. No course of dealing, usage of trade, or failure to enforce any provision shall constitute an amendment.

14. Waiver

The waiver by either Party of a breach or failure to enforce any provision of this Agreement shall not operate or be construed as a waiver of any subsequent breach.

15. Governing Law

This Agreement shall be governed by and construed in accordance with the laws of the jurisdiction of without regard to its conflict of laws rules.

16. Entire Agreement

This Agreement, including any exhibits or attachments signed by the Parties, constitutes the entire agreement between the Parties with respect to the subject matter hereof and supersedes all prior and contemporaneous agreements, proposals, understandings and communications, whether oral or written.

17. Severability

If any provision of this Agreement is held to be invalid or unenforceable by a court of competent jurisdiction, the remaining provisions shall remain in full force and effect and the Parties shall negotiate in good faith to replace the invalid or unenforceable provision with a valid and enforceable provision that implements the original intent of the Parties as closely as possible.

18. Counterparts

This Agreement may be executed in counterparts, each of which shall be deemed an original and all of which together shall constitute one instrument. Signatures transmitted by electronic means shall be deemed original signatures for all purposes.

Reseller Printed Name:

By (Signature):

Date:

Title:

Supplier Printed Name:

By (Signature):

Date:

Title:

Enter text✕

What the Legal SRA Document Is and when it matters

A Legal SRA Document is a Settlement and Release Agreement used to resolve claims, allocate consideration, and record mutual releases between parties. It typically identifies the parties, recites the dispute or claim, specifies payment or other consideration, sets release language protecting each party from further claims, and may include confidentiality or non-disparagement clauses. The SRA creates enforceable obligations when executed by authorized signatories and is commonly used in litigation settlements, employment separations, and commercial disputes to finalize terms and minimize future litigation risk under applicable state contract law.

Why a clear Legal SRA Document reduces risk

A well-drafted SRA clarifies obligations, documents consideration, and limits post-settlement disputes by memorializing releases and remedies in writing under contract law.

Why a clear Legal SRA Document reduces risk

Who typically prepares and signs an SRA

Parties should confirm signatory authority and retain counsel for complex terms or tax consequences before execution.

  • Corporate legal teams and in-house counsel who negotiate commercial settlements and need enforceable release terms.
  • Plaintiffs and defendants in civil litigation resolving claims without further court proceedings.
  • Human resources and employers handling separation agreements and employment-related releases.

Core clauses to include in a professional Legal SRA Document

Include clear, unambiguous clauses that address the claim scope, consideration, releases, confidentiality, dispute resolution, and execution mechanics to ensure the agreement is enforceable and operational.

Parties

Identify full legal entity names and roles, and include any DBA names or parent entities to avoid ambiguity about who is bound by the agreement.

Recitals

Summarize the background facts and claims being resolved so the release scope is tied to a defined dispute and not open-ended or vague.

Consideration

State specific payment amounts, delivery method, escrow terms, or non-monetary consideration and the schedule that triggers the release.

Mutual Release

Draft precise release language that lists the claims released, includes survival exceptions, and defines the effective date of the release.

Confidentiality

If confidentiality is required, define permitted disclosures, carve-outs for counsel or regulatory notice, and remedies for breach.

Signatures & Authority

Include signature blocks for authorized signatories, title lines, execution date, and any required witness or notary blocks for the applicable jurisdiction.

Critical security, compliance, and identity items

Authentication: Strong signer ID methods
Audit Trail: Timestamps and IP data
Encryption: AES-256 at rest
Transport: TLS 1.2/1.3
Certifications: SOC 2 Type II, ISO 27001
HIPAA BAA: BAA available where required

Step-by-step: completing the Legal SRA Document

Follow this sequence to prepare, execute, and preserve an enforceable Settlement and Release Agreement.

  • 01
    Draft core terms: Define parties, claims, and consideration.
  • 02
    Confirm authority: Ensure signers have capacity and title.
  • 03
    Add execution mechanics: Include dates, witness, and notarization if needed.
  • 04
    Execute and retain: Obtain signatures and store originals securely.

Setting up a reliable e-signing workflow for the Legal SRA Document

Configure signature placement, authentication, and routing to match the agreement's execution flow and any notarization or witness needs.

Field | Configuration Value | Notes
Signature placement and type options Signature, initials, and date fields placed in order
Signer authentication method and level Email link or SMS code; stronger KBA if required
Conditional field behavior rules Show payment details only after settlement checkbox
Audit trail retention settings Capture timestamps, IP, and action log

Digital signing and platform considerations

Choose configuration that preserves admissible records and meets ESIGN/UETA requirements for intent, consent, attribution, and retention.

  • Document formats: PDF or DOCX supported
  • Integrations: CRM and cloud storage available
  • Security features: Encryption and detailed audit trail

Key dates and deadlines to track in an SRA

Track execution, payment, tax reporting, and retention deadlines to ensure compliance and avoid late‑filing penalties or breach claims.

Execution effective date:

Date parties sign; determines release effectiveness

Payment due date:

Date or schedule when settlement consideration is payable

Tax reporting deadline:

1099-NEC to recipient and IRS by Jan 31 when applicable

Record retention start:

Begin retention on execution date to meet regulatory periods

Statute of limitations impact:

Release date may toll or bar future claims under state law

Common penalties and risks from incomplete or incorrect SRAs

Breach of terms: Exposure to damages and litigation
Incorrect party ID: Agreement may be void or unenforceable
Unclear consideration: Creates disputes over payment obligations
Expired authority: Signatures by unauthorized parties risk invalidation
Missing signatures: Agreement may fail to bind the intended parties
Improper notarization: May invalidate enforcement for certain claims

How a Legal SRA Document compares to a generic release

A comparison highlights scope, structure, and typical execution requirements so parties choose the right instrument for settlement.

Criteria Legal SRA Document Typical Release
Scope of claims comprehensive and contractual often narrower or statutory
Consideration detail express payment and schedule may be unstated or token
Confidentiality clause usually included optional
Execution complexity may need witnesses/notary usually simpler

eSignature vendor comparison for executing the Legal SRA Document

Platform selection affects authentication, audit trail, and cost; the table lists starting price and core capabilities for common vendors with signNow first.

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 Varies Varies Varies
Bulk Send Yes Yes Yes Yes No
Audit Trail Yes Yes Yes Yes Yes
HIPAA Compliant Yes Yes Yes No No

Frequently asked questions about executing the Legal SRA Document

Answers to common execution, enforceability, and e-signing questions when using a Settlement and Release Agreement.


Need help? Contact support

be ready to get more
Join over 28 million airSlate SignNow users