The underlying purpose of a third-party signature is for reasons of proof. The witness could confirm that the signing of the agreement is indeed the signature of the party whose name appears. When a person “executes” a document, they sign it with the right “formalities.” For example, if there is a legal obligation to testify to the signature on the document, the person executes the document by dedicating it in the presence of the required number of witnesses. Considering that many agreements can be concluded informally and should not even be written, it is not surprising that the formalities of executing simple contracts (unlike deeds) are not very cumbersome. Only the two parties that conclude the agreement must sign it and the signatures must not be lived. Customers often ask us if a witness should sign an agreement? Is a witness signature necessary? What are a witness`s rules? There are often two spaces for agreements that a witness signs in addition to the person who signs the agreement (or who represents the legal person who hands over the contract). Is it a legal condition for a witness to sign? This will be an even more important issue, especially if the agreement is signed with electronic signatures, because it is difficult for a witness to sign someone else with an electronic signature. They are often not in the same physical place or at the physical presence of the other. When signing a contract, contractors sometimes ask: “Does my contract have to be notarized or certified?” The execution date is the date the party signs the document. The date of validity of the agreement is the date on which the agreement takes effect and may be a specific date that is not the date on which the agreement was signed. If no other date is indicated, the contract is valid on the execution date (signing date). Contracts and simple acts are often executed in the opposite stages.
This means that each contracting party signs separate but identical copies of the same document. The signed copies together form a single binding agreement. It is rare for a contract to be written and I do not know of any circumstances under which a contract must be certified by a third party. There are, however, several good reasons to have to certify or testify of a notarized contract. Employers who wish to enter into a commercial real estate contract should be aware that some states require deeds or mortgages to be covered by the state or county. In Florida, for example, acts must have at least two witnesses (or be notarized) before they are registered and recognized as legally binding.