Cheers Contracts - Resources and Insights

Luciana Gasser
Luciana Gasser
CEO & Co-founder
July 12, 2024

When Should You Use a Contract?

In the business world, using a contract is not just a best practice; it is a necessity. Whether oral or written, contracts ensure that expectations are met and provide a legal framework that can protect your business interests. However, written contracts are generally more advantageous due to their clarity, ease of enforcement, and ability to provide concrete proof of the agreement.

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Contract Basics
Luciana Gasser
Luciana Gasser
CEO and Founder
March 27, 2024

Create NDA in minutes on Cheers

An NDA is a crucial legal tool used to protect confidential information in an every day business, especially during initial negotiations where sensitive data is exchanged. It helps also to distinguish genuinely interested parties from the merely curious.

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Contract Basics
Luciana Gasser
Luciana Gasser
Lawyer & CEO
January 25, 2024

Lawyers facilitate the business; the business expands it

With Cheers, lawyers can revolutionise their workflow by standardising and automating routine tasks, reclaiming up to 60% of their time. This newfound efficiency allows for a greater focus on strategic thinking, enabling legal professionals to contribute more significantly to their business's success. Cheers not only streamlines processes but also empowers lawyers to add real value where it matters most.

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Contract Basics
Luciana Gasser
Luciana Gasser
CEO
October 20, 2023

The Importance of Contracts: A Legal Perspective on Business Success

Contracts are crucial for business success, serving as the backbone for formalising agreements, securing revenue, and enhancing operational efficiency. Don't leave your business exposed; learn how contracts can help. 🤝

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Contract Basics
Luciana Gasser
Luciana Gasser
CEO
October 20, 2023

Why Contracts Are Important: Navigating Business Landscapes with Cheers Contracts

Contracts are like rulebooks for business deals. They clearly tell everyone involved what they need to do and when. This helps avoid confusion and makes sure everyone is on the same page. So, if you're doing business, contracts are your best friend to keep things clear and fair.

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Contract Basics
Luciana Gasser
Luciana Gasser
CEO
October 20, 2023

How to Write a Service Agreements

When you're operating in the business world, service agreements are as vital as your morning cup of tea. They act as the blueprint for your relationship with service providers or clients, outlining what's expected from each party. But how do you draft one that is comprehensive and foolproof? Here's your step-by-step guide, brought to you by Cheers.

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Contract Basics
Luciana Gasser
Luciana Gasser
CEO
October 20, 2023

How are contracts usually signed

In the world of contracts, the traditional method of 'wet ink' signatures on paper is making way for electronic signatures on digitised contracts. This shift not only brings efficiency but also plays a crucial role in environmental sustainability. Increasingly, first contract reviews are taking place on mobile phones, a trend that underlines the need for transparent terms and faster signing processes. This digital transformation is streamlining contract management, making it more accessible, efficient, and greener.

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Contract Basics
Luciana Gasser
Luciana Gasser
CEO
October 20, 2023

Sustainability in Contract Management - Let's Save One Tree Per Year With Cheers

Cheers CLM for a Greener Future: Streamlining Contract Management | Go Green with Digital Solutions | Reduce Paper Usage & Environmental Impact | Embrace Sustainability & Efficiency | Discover the Future of Contract Management | Try Cheers CLM Today

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Contract Basics
Luciana Gasser
Luciana Gasser
CEO
October 20, 2023

The Importance of Written Contracts

A written contract is not just a 'good-to-have'; often, it's a 'must-have'. It protects your rights, defines your obligations, and provides a safety net in case of disputes. With CheersContracts' wide range of customisable templates, secure e-signature solution, and insightful analytics, managing contracts becomes simple, seamless, and stress-free.

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Contract Basics
Luciana Gasser
Luciana Gasser
CEO
October 20, 2023

When to Exchange a Contract

Exchanging a contract, also known as completion, should ideally happen when all negotiations are complete, and both sides understand and agree to the terms. Timing is key. Exchanging too soon or too late could lead to legal issues or jeopardise the deal. Luckily, with Cheers, you can easily prepare, finalise, and digitally sign your contracts in minutes, making the whole process a breeze.

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Contract Basics
Luciana Gasser
Luciana Gasser
CEO
October 20, 2023

What Makes a Contract Valid

A valid contract is the cornerstone of business interactions, and it requires key elements: a clear offer and acceptance, mutual understanding of the terms, an exchange of value (consideration), legality and capability of parties, and preferably, a written agreement. Navigating these aspects can be complex, but Cheers simplifies the process with customisable templates, an e-signature solution, and analytics services, ensuring your contracts are valid, enforceable, and beneficial for your business.

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Contract Basics

Ready to get started?

Contact us today; we can design a custom package for your business or show you Cheers in action!

Luciana Gasser
Luciana Gasser
CEO
October 23, 2023

Understanding the Different Types of Contracts and When to Use Them

Join us as we explore the importance of understanding different types of contracts and gain a thorough understanding of when to use them to safeguard your business, mitigate risks, and foster successful collaborations.

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Contract Types

Ready to get started?

Contact us today; we can design a custom package for your business or show you Cheers in action!

Luciana Gasser
Luciana Gasser
CEO
October 23, 2023

The Legal Implications of Electronic Signatures: Are They Legally Binding?

In today's digital age, electronic signatures have become increasingly prevalent in various aspects of business and personal transactions. Understanding the legal implications of utilizing electronic signatures is crucial to ensure their validity and enforceability. This article delves into the definition of electronic signatures and the importance of comprehending their legal standing.

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E-Signatures

Ready to get started?

Contact us today; we can design a custom package for your business or show you Cheers in action!

Luciana Gasser
Luciana Gasser
CEO
October 23, 2023

The Legal Implications of Electronic Signatures: Are They Legally Binding?

In today's digital age, electronic signatures have become increasingly prevalent in various aspects of business and personal transactions. Understanding the legal implications of utilizing electronic signatures is crucial to ensure their validity and enforceability. This article delves into the definition of electronic signatures and the importance of comprehending their legal standing.

Read more >
E-Signatures

Ready to get started?

Contact us today; we can design a custom package for your business or show you Cheers in action!

Frequently Asked Questions

What are the most common commercial contracts?

The most common commercial contracts(also called business contracts) are the sale of goods, service agreements, non-disclosure agreements (NDA), teaming, and partnership agreements. You can find them all on Cheers platform. 

What is the type of contract to start the negotiation of a business? 

The type of contract to start the negotiation of a business is typically a letter of intent or NDA (Non-Disclosure Agreement). These documents outline the terms and conditions of the proposed agreement and serve as a starting point for negotiations.

What is a simple contract for business? 

Well, we are afraid there is no such a thing as a 'simple contract for business’, contracts are intrinsically complex, but CHEERS simplify them for you, providing you a platform on which you can rely to create your legally binding agreements, involving two or more parties that outlines the terms and conditions to rule the business transaction. The contracts as a rule of thumb should at least include the full name and address of the parties involved, the purpose of the contract, the obligations of each party (commonly known as ‘scope of work’), and the applicable law or regulation. The key element is the scope of work, no one better than you knows what you can/will do for your customers or what you expect from your supplier, the clearer you make this point, you will reduce the risk of dispute. At Cheers, we put together 30 years of experience and all the lessons learned when negotiating complicated contracts. 

What is an example of a business contract? 

An example of a business contract is a Service Agreement, which outlines the terms and conditions for the performance of a service between two parties. It typically outlines the extent and level of responsibility the service provided will take, and whether the supplier guarantees any results. It includes the names of the parties involved, the price, payment terms, and any applicable warranties or guarantees.

Can I write my own business contract? 

Yes, you can write your own business contracts. However, it is important to ensure that the contract is legally binding, complies with all applicable laws and regulations, and contains all the clauses to protect your business from the unexpected. At Cheers we took care of this in advance, you should only make sure that all details are correct. The safer way to create your contracts is using Cheers contracts, following our expert guidance. 

What are the 5 requirements of a contract? 

The five requirements of a contract are: 1) an offer, 2) acceptance of the offer, 3) consideration, 4) capacity and 5) legality.  

How Cheers covers the 5 requirements of a contract? 

We drastically simplify contracts; the platform has the drafts to be completed in guided simple steps, which are sent from the platform and immediately received by your counterparty in their inbox, using predetermined credentials. Your counterparty will have two options: accept and sign your offer or leave a comment for consideration and negotiation, and subsequent acceptance. You will receive notifications throughout this process to keep up and speed up the closing. 

What is acceptance in contracts?

The acceptance of a contract’s terms is the agreement to the terms tendered in a contract. It must be communicated to the offeror in a way that is specified in the contract, or in a way that is reasonable in the circumstances, needless to say, that to be legally binding, has to be accepted by both parties.

Are contracts signed at Cheers legally binding?

In general, contracts that are electronically signed are legally binding. In order for a contract to be legally binding, it must meet certain requirements, such as the presence of offer and acceptance, consideration (i.e. something of value being exchanged), and the intention to create a legal relationship. All these requirements are covered on Cheers platform. As long as these requirements are met, a contract can be legally binding whether it is signed on paper or electronically. In fact, many countries have laws that specifically recognize the validity of electronic signatures on contracts, especially commercial contracts relating to the sale of services or goods. We always recommend seeking legal advice when in doubt, especially in highly regulated sectors such as financial services or real estate law.

What are the types of contracts in business?

You can identify the type of contract by how the acceptance is consolidated. The three types of contracts are unilateral, bilateral, and multilateral contracts. Unilateral contracts involve one party making an offer and the other party accepting it. Bilateral contracts involve two parties making promises to each other. Multilateral contracts involve more than two parties making promises to each other.

Our customers love us

We recently implemented Cheers in our company and it has been a game-changer. It has helped us to speed up processes and save both time and resources. Gone are the days of manually tracking contracts and trying to keep everything organized. With Cheers, everything is easily accessible in one place and we can track the progress of each contract in real-time.
By Anne
CEO and Founder
Not only has this made our work more efficient, but it has also helped to reduce the risk of mistakes and miscommunication. The system is user-friendly and the customer support has been excellent.
Overall, we are extremely satisfied with Cheers Contracts and highly recommend it to other businesses looking to streamline their contract processes.
By Andrew
COO
We recently implemented Cheers Contracts as contract management solution with analytics and it has exceeded our expectations.Not only does it allow us to efficiently store and track our contracts, but the analytics and reporting features have provided valuable insights into our contract processes. We can easily see how long contracts are taking to be completed, which departments are generating the most contracts, and where we may need to make improvements.
Cheers has saved us countless hours of manual tracking and analysis, and has helped us to make data-driven decisions about our contract management. The customer support has also been top-notch.
We highly recommend this contract management system to any business looking to not only streamline their contract processes, but also gain valuable insights and improve efficiency.
By Tony
Project Manager

End Contract Chaos

The world has changed, and the way we negotiate contracts has changed too. Create, negotiate, and track your contracts simply, securely, and efficiently with Cheers.

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