If it is possible that the parties to a contract will not sign it at the same time, you might consider adding a section in the contract providing that the contract will not be legally binding unless it is signed by both parties. The parties do not necessarily have to sign the same copy of the contract in order for it to be binding. It is important to be aware that when agreeing to a written contract, it does not need to be signed by both parties to be legally binding. In many cases there is no need for a written document to be prepared and/or signed in order for there to be a “contract”. It means that the parties who have signed the agreement are expected to fulfil their obligations under the agreement. If they do not, they may be penalised. Although agreements do not have to be written to be legally binding, it is a good idea to have a written record of what you have agreed to. This minimises the risk of a dispute by ensuring you and the other party are on the same page.

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