Frequently Asked Questions

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We’ve created a standardized framework of common legal provisions in plain English that can be shared across VirtualTerms Agreements and users. All VirtualTerms Agreements share these standardized terms putting much of the legal “boilerplate” in the background, so you can focus on key business and legal points. When you create your agreement on VirtualTerms, it will automatically refer to and incorporate these standardized provisions. Some terms apply to all VirtualTerms Agreements by default and others are optional that you incorporate into your agreement.

When you create your agreement on VirtualTerms, it will automatically refer and link to our standard VirtualTerms. This is called “incorporation by reference.” In addition, when your agreement is complete, the final version we send you and your counterparty will attach the VirtualTerms.

As we update from time to time, new versions of the VirtualTerms will be posted with a new version number. When you create a new agreement, it will use the current version of VirtualTerms. Your signed agreement will, however, keep the VirtualTerms version used when you created the agreement and that version will remain attached to the final signed version of your agreement.

You can email a link to it directly via VirtualTerms. By sending a link, your counterparty will be able to view the agreement in the same key terms format, view the standard VirtualTerms, send you comments, and immediately sign electronically on VirtualTerms.

Yes, your counterparty can view, comment and sign without an account.

Both parties can electronically sign your agreement directly within VirtualTerms.

Electronic signatures are valid for most types of common business agreements across the United States (including the types of agreements on VirtualTerms) under the Electronic Signatures in Global and National Commerce Act (ESIGN) and the Uniform Electronic Transaction Act (UETA). Electronic signatures are also valid in many other countries. ESIGN created a national standard supporting the use of electronic contracts and signatures. ESIGN purposely does not dictate the exact technology to be used. Instead, ESIGN broadly defines an electronic signature as “an electronic … symbol or process attached to or logically associated with a contract or other record and executed or adopted by a person with the intent to sign the record.” Note, certain agreements and documents (for example, wills) that we currently do no offer on VirtualTerms may have to be hand signed and notarized and/or witnessed.

The vast majority of non-disclosure and confidentiality agreements are two party agreements. Therefore, our VirtualNDA™; product currently only supports having two parties enter and sign the agreement. But we may expand functionality in the future to support more than two parties. Please let us know via our Contact Us page if you have interest.

When your agreement is fully signed, we will email you and your counterparty a copy. Please keep it for your records. You can also view your signed agreements via your dashboard.

Use of all current features for VirtualNDAs are free. We reserve the right to change pricing, including for new or revised features, functionality, and agreements.

We take the privacy of your information seriously. Please see the Privacy Policy link on the site for how we handle certain information you provide to us.

Your use of VirtualTerms is subject to our Terms of Service. Please see the Terms of Service link on the site for more information.