In addition, contractual documents should contain the contact details of the parties involved, indicate the State whose laws govern the contract, address the termination provisions of the contract and indicate how disputes are handled. For active counterparties, obtain a standard trade agreement, negotiate the terms with lawyers (who draw each party`s attention to the risks they take), have each party sign the final agreement with initials of each party and testify to this agreement by signatures (as well as their initials of each party). A counterpart clause would allow the parties to sign this document in different places (i.e. not to be in the same room to sign) and/or have this agreement signed by scan and PDF. Conversely, an oratory agreement or napkin document would be more difficult to prove, meaning that much more time (and money) will be spent on lawyers` discoveries to prove/disprove the fundamental elements of the contract. If all the factors contained in the business contract have been discussed and an agreement has been reached, it may be advisable to have the final document checked by a lawyer. He or she can ensure that all local, state, or federal laws have been measured in the treaty and propose areas relevant to your specific industry or organization.. . .