The document or contract may be drawn up by two or more persons, one person and one entity or two or more entities. Contracts generally define a party`s obligations with respect to goods or services vis-à-vis another party and are effective only when each party has signed the agreement. For some contracts, signatures must be attested. However, some controversial English jurisdictions indicate that, in certain circumstances, contracts and documents performed virtually may not be enforceable. In order to clarify the legal situation, guidelines have been issued by the Legal Committee of the Law Society of the Law Society and the Law Society Committee of the City of London. These guidelines should be taken into account when organising closures or signatures, especially when certain parties wish to virtually sign documents because they cannot personally attend the meeting. Contracts and simple documents are often executed in equivalents. This means that each party signs separate but identical copies of the same document. The signed copies together form a single binding agreement. Documents are most often executed in the form of simple contracts. A contract becomes mandatory on the date on which both parties intend to enter into force, which is usually demonstrated by the signing of the contract by both parties. It is not necessary to attest to the signature. Contracts may be concluded orally or in writing.
As a rule, contracts are concluded in writing on the basis of a written note of the terms of the contract agreed between the parties. An oral contract can leave considerable space for discussions about its terms. Contracts and simple documents usually contain a clause that expressly allows the document to be executed in equivalents. However, a document requires an additional execution formality that goes beyond a simple signature. The act must be in writing and, as a rule, executed in the presence of a witness, although, in the case of a company, a document may actually be executed by two directors or a director and by the company secretary. Specific formulations should also appear above the signature blocks. The origin of a contract concluded dates back to the end of the average year of the Englishman from 1300 to 1400. . . . .