Once you've created your Client business account in Liquid, you'll need to complete Financial Setup and Legal Setup.
Legal Setup in Liquid
If you click the Legal Setup Required from your Dashboard, you will be presented with the Initial Legal Setup module. In order to invite your Vendors, you will need to complete this module to setup your contracts. First, you’ll let us know whether you want to use Liquid’s templates or your own. Note that custom contracts are only available to users of our premium plans. If you select custom contracts, you’ll be prompted to send us your templates. Please note that it can take up to 2 business days to process your custom contracts and have them added to your account.
If you choose to use Liquid templates, you’ll be asked to verify your business information, which will be injected into your contracts. You’ll also be asked to select the state you want to resolve conflicts in. Most often this will be the location of your headquarters. If any of the information here is incorrect, go to Settings to make the appropriate changes, and then return to this module via your Dashboard.
Adding a Contract Signer to Liquid
The next question is “Are you the person who signs legal documents for your business?” If you will be signing most of your legal contracts, select Yes, I am the signer for all contracts.
To complete the Initial Legal Setup, you’ll confirm your legal name, enter your title as it should appear on contracts, and add your signature. Your signature will be added to fully executed documents and will only be used when you authorize.
If you do not have signing power at your company, select No, I would like to invite a Contract Signer now. This option will skip the steps to confirm your legal name, enter your title as it should appear on contracts, and add your signature. Instead, your invited Contract Signer will be prompted to add their legal name, title as it should appear on contracts, and their signature after they create an account on Liquid. You’ll be prompted to enter the email address for your Contract Signer to initiate that invite.
After completing the Initial Setup, press the Finish button to close this module.