Brief Introduction
Obligations or Contractual obligations refer to the specific duties and responsibilities that parties agree to fulfill as outlined in a contract. These obligations are legally binding, and failure to meet them can result in legal consequences such as penalties, damages, or even termination of the contract.
There are 2 types of obligations:
One-time obligation is a contractual commitment or action that occurs only once and does not repeat. (E.g. Payment to a specific one-time service, One-time projects)
Recurring obligation is a contractual commitment that repeats at regular intervals throughout the duration of the contract. (E.g. Subscriptions, Monthly Payroll)
Role
This article is relevant for all company users.
Instructions
There are multiple ways to create an obligation:
Via Workspace
Via Vault
During Signing Request Creation
Create Obligation via Workspace
Select a workspace.
Select a document.
Go to Files tab and select a document.
Select a document version.
Go to Obligations tab and click Create Obligation.
Fill the Obligation Form:
Obligation Name
Obligation Category
Obligation Description
Obligation Owner
Obligation Date - this is the due date of the obligation. You can select from the following options:
None - if the obligation has no due date
Undetermined - if the obligation has no defined due date
Pick a Date (Specific Date in the Calendar) - this is most useful for one-time obligations
Custom Period - in X days/ weeks/ months/ years after the agreement is signed
Add Repeat (Optional) - you can create recurring obligations as needed. Additionally, you can set the following:
None - applicable for one-time obligations
Weekly
Monthly
Yearly
Custom Frequency - Repeat Weekly/ Monthly/ Yearly
Can also include time
Can also set a due date every (1st/ 2nd/3rd/4th/ last day)
e.g. Repeat obligation date every 1st Monday of the Month until December 2025
Repeat Until
No End Date
Pick A Date
Custom Period (Repeat X time/s)
Add Notified Parties (Optional)
Add Related Keyterms (Optional) - you can link the document information to obligations for easier reference
To proceed, click Create.
Create Obligations via Vault
Additionally, you can create obligations via Vault.
Go to Vault and select a document.
Go to Obligations tab and click Create Obligations.
Fill the obligation form.
Click Create to proceed.
Create Obligations during Signing Request Creation
Additionally, you can create obligations during signing request creation.
Click + New.
Select Request Signature.
Fill the Signing Request Details. Click Next.
Upload document/s, then click Next.
Go to Obligations tab and click Create Obligation.
Fill the Obligation form.
To proceed, click Create Obligation.
Click Upload to proceed with the signing request creation.
