How do I create my first agreement?

To create your first agreement in Virtual Terms, follow these steps:

• Log in to your Virtual Terms account.Locate the "Create/Edit" button, which is prominently displayed on the upper left side of your screen, and click on it.
• You will be asked “How Do You Want to Start?”  
• As a new user, you should click “Start a new agreement.”  
• Note, you can come back here later to create another by clicking the “Create/Edit” button.  
• Then, on the next page, you'll be presented with a list of agreement types. Select the type of agreement you want to create, such as an NDA or Consulting Agreement. If you are unsure if a particular agreement is appropriate for your situation, check your local law and with a legal advisor if you have any questions.  
• After selecting the agreement type, Then, you’ll enter some basic information for that agreement.  We’ve tried to make it quick and easy by pre-populating some of it. This includes:
  • Agreement Name: Give the agreement form you are creating a name.  
    • Use something you will remember next time when looking for it.  
    • It will not show to the other party to your agreement.  
    • Use a unique name. Do not duplicate any of your other agreement’s.
  • Which Party Are You?  For agreements other than NDAs, select which party you are. 
    • For example, if you or your company is: 
      • The consultant in a consulting agreement - select “Provider”. 
      • The client - select “Customer”.  
    • The default key terms for that agreement will be tailored based on which one you select.
  • Your Party’s Name: We’ve pre-populated this with either your name or your company name. But you can change it here for this agreement. 
  • Your Notice Address: We pre-populated this from your account info.  To change it for this agreement, click “Revise Your Notice Address.”
• Then, click Continue.

Next, for each agreement, we will walk you through each page of our “Key Term” sheet form for the agreement.  You will be able to review and revise them as you go. 

For some, you must enter the information (e.g., describe your services or fees). In other cases, we’ve pre-populated the key terms with default provisions. 

For the default provisions, we’ve included provisions common for that type of agreement. But, depending on the agreement type, we’ve also tailored the default terms based on whether you selected that you are the Customer or the Provider.   

In each case, you can further revise them - there are two ways to do so:

• Drop Downs: Click on the underlined text to get a list of options. Click on any option you wish to select. In some cases, you can enter custom text. 
• Editing Text Boxes: Click the Edit/Pencil button to edit text boxes. 
  • You can type, cut and paste, etc. and use basic formatting tools.  
  • Don’t like what you did? Click “Reset to Default” to reset it to our default language.  
  • If you are good with it, hit the “Save” button and move to the next.  

Once you’re good with the Key Terms, click Continue.

You’ll be taken to the Review screen to double check it.  You can also review the full VirtualTerms Standard Terms by clicking on the Standard Terms link at the bottom.  

If you’re ready to send it,  click Ready to Send. You’ll be taken to the Send screen.  See Sending Your Agreement below.

At any time, if you need to stop or if you’re not ready to send the agreement yet, you can click the “X” to close it (or any other button). Your draft will be saved.  You can come back to work with your draft in a few ways: 

• Go to your Dashboard to find your draft.
• Click Create/Edit, then Choose From Existing Agreement to find your draft.
• You can edit (or copy & edit) from there.  See Editing Your Agreement. 
• Click Send to go to the Send screen, pick your agreement, and send it.  See Sending Your Agreement below for more.