There are a few basic elements every contract needs. In this short post, I’m going to walk you through those, so whip out your contract, and a pen, and let’s get to work.
In your contract, you can state when the contract goes into effect. Without explicitly stating the “effective date” of the contract, it will typically be deemed to go into effect on the date of signature. Therefore, it’s good to call out when the contract will take effect. Include an effective date in the introduction.
Use an introduction to give context to the contract. The introduction should state the purpose of the contract, the parties, and the effective date. Use abbreviations for the parties for quicker reference through the contract.
Example: Braden Drake (“Consultant”) will provide tax consulting services and Amanda Montgomery...