Axial’s platform offers significant value and efficiencies at the NDA stage. Here’s an overview of the functionality, followed by some FAQ’s:
- When you set up a project on Axial, you have the option to attach an NDA.
- Any parties you reach out to will instantly gain access to view and download that NDA upon expressing interest.
- Each time that happens:
- We alert you via email that they’ve accessed the NDA.
- We automatically update their status in the platform to “NDA Sent”.
- If, when you uploaded the NDA, you opted for it to be electronically signable, then recipients will be able to sign in-app, via our integration with HelloSign.
- We’ll send reminders to everyone who accesses your NDA until they either:
- Sign it on the platform
- Indicate that it’s been signed offline
- Or either of you indicate that discussions have ended.
- Upon their signature:
- Their status will auto-update to “NDA Signed”.
- You’ll get a notification that the document’s been signed.
- The notification will let you download the signed NDA, along with a digital audit trail provided by HelloSign.
- You and your recipient will be able to download the signed doc at any time via the platform.
Q: If I want my NDA to be electronically signable, how do I set it up?
A: In the Documents section of your project’s Deal Information tab, you’ll see an area to configure your NDA.
- There, you can opt for the Axial Standard NDA (eSignable), or you can upload your own by selecting “Custom NDA”.
- Once you’ve selected a file, you’ll be prompted to choose between three Signature Settings:
- Option 1. Add an eSignature page to the end of my document
- This will automatically add a new page where recipients will be required to sign. See example below.
- Option 2. Set up my NDA for eSignature
- This will allow you to drag and drop custom fields onto your document, which recipients will be required to fill out (e.g., date, first name, last name, title, signature).
- Option 3. Do not allow recipients to eSign
- This will only avail the option for recipients to download the document.
Q: When my recipients sign electronically, will that be a mobile-friendly experience?
A: Yes, signatures are supported on desktop and on mobile devices.
Q: Do I have to use a PDF, or can I send a Word document, etc.?
A: If you want your NDA to be eligible for eSignature, you’ll need to upload a PDF. However, if you’d rather send another file type to better facilitate negotiations and redlining, that’s A-OK.
Q: Is there a maximum file size?
A: To be eSignable, your PDF will need to be less than 40MB. If you opt for another file type, you can upload a document up to 150MB (we rarely see NDAs exceed 1-2MB).
Q: I don’t want my NDA to be electronically signable. What are my options?
A: In the Signature Settings popup, just choose Option 3: “Do not allow recipients to eSign”. They’ll be forced to download the doc and sign it the old fashioned way.
Q: In my project’s Documents Section, why does it say “Recipients will not be able to e-sign?”
A: This is because your NDA is currently set on Option 3: “Do not allow recipients to eSign”. To change this setting, simply upload a PDF and choose a different option.
Q: I set my NDA up for signature, but I want to edit the configuration. How do I make a change?
A: In order to edit your configuration, you’ll need to upload a new NDA and go through the setup flow again.
Q: I want to replace my NDA with a newer version. What will happen if I do that?
A: Any recipients who signed your NDA will retain access to their signed copies. Any recipients whose signatures were still pending will now only be able to access the latest version.
Q: If I opt to add a signature page, what will that look like?
A: Here’s an example!
Q: What if the NDA recipient needs to redline or make adjustments before signing?
A: eSignable NDAs are always downloadable should the need arise.