Self-paced

Automating Partnership Agreement

4
Star Rating
1033 students
30 minutes
Ready to take your partnership agreements to the next level? Discover how to generate your partnership agreements in minutes and automate your most used actions without writing a single line of code.
Automating Partnership Agreement

About this course

This course provides step-by-step instructions on how to build fully-automated partnership agreement workflows. You’ll learn how to unlock business growth by streamlining the partnership agreement lifecycle, improving collaboration between stakeholders, and obtaining better visibility into processes.

By the end of the course, you will be able to create, visualize, and automate partnership agreement processes and similar use cases to benefit both you and your partners.

What’s included?

lessons to explain how to automate partnership agreement workflows
quiz to consolidate your knowledge & test new skills
certificate to showcase your new skills

What will you learn?

How to build fully-automated partnership agreement workflows without coding
How to create visual representations of partnership agreement workflows
How to route documents between recipients and systems

Who is this course for?

Anyone looking to streamline their partnership agreement processes
Anyone looking to automate their partnership agreement paperwork
Those who want to advance their career with new skills

More courses you might like

Learners who registered for this course also enjoyed these courses

What our students say

capterra-icon

Review from Capterra platform

The different courses are well defined, easily searchable, and the titles are useful. The content can get a bit long, and theoretical from time to time but mostly they try to keep it to bite-sized chunks with small quizzes to help you retain what you just read.

youtube-icon

Review from YouTube

I’ve taken 20 airSlate Academy courses. These courses helped me create a workflow and generate business. The biggest skill I’ve learned is how to integrate data from other platforms into my workflow.

g2-icon

Review from G2 platform

airSlate Academy offers free courses in business process and workflow automation innovatively. The courses are well-researched and presented. Easily understood by a noncore IT audience.

Start learning today

Sign now for free
Start learning illustration

The automation of Business Partnership Agreements: automated contract negotiation and document management

Like any other business process, establishing a partnership agreement requires preparation and investigation so that every party involved will be ready to sign. Signing a business partnership agreement is necessary for those who’ve decided to build a business. This lengthy process includes discussing requirements, outlining terms between partners, drawing up a legally-binding contract, and more. You’re bound to run into situations that are prone to bottlenecks. Postponing face-to-face meetings, misplacing documents, and making typos lead to delays and redundant layers of manual review, which consume more time and money.

Is it possible to turn these error-prone processes into a smooth contract workflow? The airSlate Academy takes you on an in-depth journey into partnership agreement workflows. You learn about their ins and outs and observe precisely what your team has to do to automate agreement workflow using airSlate WorkFlow.

The Automating Partnership Agreement course not only equips you with theoretical knowledge on how to automate agreements with workflow software but also provides numerous practice opportunities to reinforce your learning. The Academy introduces you to all of airSlate WorkFlow's features and teaches you how to implement them properly in your working processes.

Enroll in the Automating Partnership Agreement course to learn how to:
  • Stay up-to-date on changes using automated email notifications
  • Integrate your workflow with any third-party system, CRM, or ERP without coding
  • Generate documents and templates in a few clicks
  • Process large amounts of data automatically
  • Pre-fill contracts with relevant information

The course is based on a self-directed training approach, allowing you to control the pace at which you and your team study. It’s also designed to enable users to retake or revisit the course as often as needed to absorb all the information thoroughly. Valuable guides are accompanied by insightful videos that help save time by showing the platform's interface and functionality, making it easier to get started sooner. The course benefits those who want to conclude a business partnership agreement between two or more individuals or between business entities.

Can a reusable Partnership Agreement template be valid?

As mentioned earlier, a business partnership agreement is required to collaborate between individuals or entities. All parties involved work on creating a contract and try to prevent future conflicts by anticipating the relationship's needs and writing everything down. Aside from standard information like the partnership's name, parties involved, etc., a contract should resolve disputes about contributions, allocation of profits, and responsibilities.

Every partnership needs its own special agreement, so a one-size-fits-all contract doesn't work. But, airSlate WorkFlow offers customizable templates to streamline and automate agreement workflow. This way, you only need one form tailored to suit any partnership deal.

When reaching a consensus, your potential partners can edit it in real time (highlight, blackout, redline text, and add notes). When both parties come to an understanding, everyone can eSign and automatically receive executed copies in their email.

Get the most out of automating your general business partnership agreement process

Creating an agreement template is merely scratching the surface. Historically, the entire process revolved around paper and harbored numerous bottlenecks and drawbacks. Inevitably, errors in manual data entry and subpar customer experiences occur in settings that facilitate slow and inaccurate execution, resulting in lost revenue. Introducing automate workflow software can streamline operations and mitigate these challenges effectively.

How can airSlate Workflow help solve these shortcomings?
  1. Complete contract life cycles faster. Automate your agreement workflow to streamline contract negotiation, making it smoother, more efficient, and faster. With an automated agreement process, you can achieve an official understanding in hours instead of days.
  2. Increase accuracy. Manual data entry results in errors and, in some cases, handwriting that can’t be deciphered. Deploy integration bots to push and pull data from various record systems for more accurate data input.
  3. Protect data. Cloud-based data storage is much safer and more convenient than paper-based storage. You can control access permissions to your documents and files, protecting them from loss, theft, and incorrectly added information.
  4. Reduce contract management costs. Traditional processes like scanning, printing, and in-person meetings require more resources to support. Establish digitized document management and built-in editing and eSignature tools to increase productivity and decrease costs.
  5. Manage deals online. airSlate WorkFlow’s comprehensive dashboard allows you and your team members to manage documents in a single workspace. Access a vast Forms library of state-specific business partnership agreement forms, addendums, notices, etc., from any device, anywhere, on desktop or mobile.

Automation is essential for your business. Yet, don’t fall into the common trap of overlooking free chances to explore automation tailored to your processes. If you're keen to revamp outdated practices with efficient business partnership agreement automation, join our dedicated online training at the airSlate Academy today!

Questions & answers

Here is a list of the most common customer questions. If you can’t find an answer to your question, please don’t hesitate to reach out to us.
Need help?
Contact Support

According to the usual classification of business agreements, there are three main types of documents: general business contracts (partnership, indemnity, nondisclosure agreements, and property/equipment leases), sales-related contracts (bills of sale, purchase orders, security agreements), and employment contracts (employment, independent contractor, and non-compete agreements).

When it comes to writing business contracts, keep them simple, straightforward, and clear; make sure to address the right parties (including entities) and define objectives. In addition, you should always outline a plan for what to do/what happens when a dispute arises. In this way, you’ll create a solid business contract that most organizations can accept.

Verbal and written business agreements have the same legal force. They need to meet the requirements of a usual contract, and then they can be enforced in court. Nevertheless, the existence of verbal business agreements is harder to prove, so consider having a written document with signatures to protect yourself from potential problems or lengthy judicial proceedings.

You can find examples of business agreements in the airSlate WorkFlow forms and documents library. In addition, you can eliminate tedious tasks and automate the preparation of documents. Join the airSlate Academy and learn how to implement document workflow automation in your company.

All the business agreements you draft must include termination clauses. It allows parties to define circumstances for when they have a right to call off a deal and what happens when they do that. These paragraphs help you protect parties from losing money or time.

airSlate WorkFlow has powerful document generation capabilities, so you can use it for drafting partnership agreements. However, it's not a text editor analog. It's a comprehensive document automation solution that helps millions of businesses around the world streamline their document management processes, delegate monotonous tasks to software robots, and get certified partnership agreements with legally-binding electronic signatures. Try a course by the airSlate Academy to learn more about document automation.

Every business contract is a promise to provide services or sell goods within a specified period. To recognize a document as valid, it must have four key elements: agreement (acceptance of an offer), capacity (understanding of the conditions), consideration (exchanging of values), and intention (understanding that a contract is legally binding). If either party fails to keep promises, another party has every right to sue and recover the amount defined in their business agreement.

All companies want to sign business contracts on their terms. If somebody doesn't agree with somebody else, a compromise needs to be found. For a deal to come out as successful, all parties should feel that their potential gains have been maximized and risks minimized. This process of coming to an agreement on a set of terms is called contract negotiation.

A social media partnership agreement is a contract between a brand or marketer and an influencer. Drafting partnership agreements is required to allow you to include all the expected deliverables, define timelines, payment terms, covered fees and expenses, termination and cancellation clauses, or any other essential aspects of business contracts. This way, you protect yourself from a wide range of troubles.

Make sure you structure your business agreements properly. They must include names of all parties, terms and conditions of the relationship between all parties, and the distribution of profits and losses. Consider using a platform like airSlate WorkFlow to automate your partnership-agreement workflows; drafting partnership agreements doesn’t have to be monotonous or time-consuming. Enroll in a free airSlate Academy course to learn how to do it.