Creating a Contract Using a Template in SpotDraft

This article provides a step-by-step guide on how to create a contract using a template in SpotDraft.

Step 1: Select a template

1. Log in to your SpotDraft account.
2. From the main navigation bar, click on "New" and then select "Template Contracts."
3. Select the desired template from the list

Step 2: Fill in the party information
To begin with, you have to provide the creator and counterparty information

Creator party information

1. Select the legal entity for your company.
2. Select the signatory from your party
3. Add the counterparty name
   1. If your counterparty is an organization, you will need to add a POC
4. Add the counterparty address (Optional step)

Step 3: Answer Template Questions

1. The template will include several questions to gather relevant information for the contract.
2. Carefully review each question and provide accurate and complete answers.
3. You can always save your responses to come back and answer them later.

Step 4: Submit the Contract

1. Once you've completed all the required information, click the "Submit" button.

Step 5: Collect Approvals (If Required)

1. If the workflow requires approvals, a notification will appear prompting you to "Collect Approval."
2. Click on the "Collect Approval" button to send the contract for review.

Step 6: Send the Contract to the Counterparty

1. After all required approvals are collected, the contract will move to the "Draft" stage.
2. Click on the "Send" button to send the contract to the counterparty.
3. Review the email message and ensure all the details are accurate.
4. Click "Send" to send the contract to the counterparty.

If you don’t see this option in your workspace, please contact your Customer Success Manager (CSM) to enable this feature

Congratulations! You have successfully created a contract using a template in SpotDraft.

Additional Tips:

• Ensure you have access to the desired template before starting the process.
• Double-check all information before submitting the contract to ensure accuracy.

• To share the review or signing link directly with reviewer/signatory:

  1. Go to the Recipients section.

  2. Locate the recipient for whom you want to generate the link.

  3. Click the three-dot menu next to their name.

  4. Select "Get Link" to copy the review/signing link.

FAQ

What is the maximum number of characters allowed for a contract name?

A contract name can have a maximum of 255 characters.