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How to Draft a Sales ContractIdentity of the Parties/Date of Agreement. The first topic a sales contract should address is the identity of the parties.Description of Goods and/or Services. A sales contract should also address what is being bought or sold.Payment.Delivery.Miscellaneous Provisions.Samples.
Can you use initials as a signature? Yes, your signature can be your initials. Just make sure that your signature matches what is on your drivers 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.
The initials, that scribble at the bottom of the page, are supposed to represent your consent and often end up scrawled in a corner of the page at the end of the 48th page of your contract. The usefulness of the initials is often questioned and their function remains abstruse for the vast majority of signatories.
The initials should be in ink and written by your hand. They can be in either print or cursive but should be unique to you. If adding your initials to a small change in a contract, be sure to add them in the margin next to the updated information.
Initial is defined as to sign or mark something using just the first letter or letters of your name. An example of initial is when you have to write the first two letters of your name next to a contract clause when signing a contract.