Some basic organization sure goes a long ways toward a better business! All these tips are excellent, even if you aren't running your own business. Version control over the contracts is especially important. If a customer/counterparty wants to make changes to a draft, have them use Track Changes and save that version, too. It not only helps to make accepting/rejecting changes easy, but it helps show what the intent was at that point in time, giving a good paperwork trail in case it's needed later.
Great tips @Mark-A-Billy! Thanks for the additional input! Tracking Changes is a great way to see where your clients or counterparties made adjustments.
Some basic organization sure goes a long ways toward a better business! All these tips are excellent, even if you aren't running your own business. Version control over the contracts is especially important. If a customer/counterparty wants to make changes to a draft, have them use Track Changes and save that version, too. It not only helps to make accepting/rejecting changes easy, but it helps show what the intent was at that point in time, giving a good paperwork trail in case it's needed later.
Great tips @Mark-A-Billy! Thanks for the additional input! Tracking Changes is a great way to see where your clients or counterparties made adjustments.