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What are initials on a contract?

Initials are supplied to key points in a document to indicate that the signer has noticed and read the indicated areas. The final signature at the end of the document is the legally binding agreement. The signer's initials prevent the person from claiming later that they did not notice the provision.

Are initials legally binding?

Adding initials to the pages of a contract is not a legally binding signature that shows you agree to the terms of the contract. ... Adding an actual signature (whether ink on paper or electronic signature) is a statement of agreement to the terms and promises of the document / contract.

Do initials count as a signature?

Yes, your signature can be your initials. Just make sure that your signature matches what is on your driver's license and any other legal documents to avoid any problems with a bank, etc. You may want to update these if you do change your signature.

What is the difference between initials and signature?

From above, the major difference is that a signature is normally written in full. This means a signature could be written to capture the full name of a person. On the other hand, initials are just a letter from name usually the first letter of a name.

What is the meaning of employee initials?

Answered Oct 2, 2015 · Author has 1.7k answers and 780.2k answer views. Your initials signify you've read what's on the page. In things like scripts, interoffice collaborations, government bills, policy decisions and so on, putting one's initials on a page--or on a .pdf or what not--shows you're read what's there.

What does it mean to initial a document?

Initials are the capital letters that begin each word of a name. ... If someone initials an official document, they write their initials on it, to show that they have seen it or that they accept or agree with it.

What does it mean to initial each page?

Placing of initials on each page of a document or an agreement means placing of brief identification mark of yourself conveying thereby that the said person has read each of the said pages and further this prevents from adding pages later on after the document has been legally executed.

What does Initial mean in a contract?

Initial contract means a contract awarded based on a competitive process and the evaluation of an initial application. Based on 3 documents 3.

What is name initial example?

Your initial means the first letter of your name. An example of initial is the letter “M” when your name is Molly.

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