Document Expiry Definition and Examples

Understanding Document Expiry for e-Signing

Document expiry refers to the predefined end date and time when an electronic document or eSignature request becomes invalid if not signed. This feature is crucial in business and legal transactions as it ensures that documents are signed within a set timeframe, maintaining both relevance and security.

Examples:

1. Legal Contracts:

   • A company sends out a non-disclosure agreement (NDA) that needs to be signed within 30 days. If not signed by the expiry date, the NDA becomes void, prompting the sender to either resend or renegotiate terms.

2. Sales Agreements:

   • A sales contract might have a document expiry of 14 days to ensure that the offer terms are relevant and pricing remains competitive and up-to-date.

3. Internal Approvals:

   • An internal policy update requiring managerial approval could have a document expiry of 7 days to expedite the process and ensure timely compliance.

With GoodSign, managing document expiry is straightforward and cost-effective. Unlike traditional subscription models, GoodSign offers a pay-per-use pricing at just $1.50 per envelope, allowing you to handle document expiry efficiently without incurring unnecessary costs. This ensures you can keep your business operations smooth and compliant without breaking the bank.

Understanding document expiry helps you maintain control over your eSignature workflows, ensuring timeliness and security in all your transactions.