A notary public is undoubtedly an asset for local businesses. Their services are pivotal to a range of businesses in an area, ranging from real estate agencies to law firms. These are the businesses that deal with sensitive’ documentation, for instance, contracts and government documents. Let’s delve into how the services of a notary come in handy for local businesses.
Most of the times, the people we do business with are honest and will keep their part of the agreement. Sometimes, some people will even honor verbal agreements. Partnerships go sour sometimes, whether accidentally or intentionally. This is when you should be thankful that you used the services of a notary. You are most likely to end up going to court. Your notary had probably prepared documents that spelled out the terms and conditions as agreed with the partner with whom you are now in conflict. This will go a long way in protecting your interests.
The jury will look at the different types and the content of the evidence provided by the two parties. A valid notary seal could be the only difference between identical documents. You are more likely to win the case if your document is notarized. This is because the notary public has been authorized by the state or any other governing body to verify the identity of the people entering an agreement. They have to also witness the signing of the agreement. The notary acts an impartial witness (officially recognized).
Ease of entry of contract
The services of a notary make it easier to enter contracts. The notary will ensure that the signatures on legal documents are authentic, which saves your business from legal implications. Note that the notary is only accountable for the authenticity of the signatures and not for the content of the documents.
A notary public facilitates business, lowering the risks. He helps to prevent fraud, he can help in collections and his services are affordable. New business arrangements have an element of a higher risk. A notary protects you against a breach of contract. With your security concerns sorted, you can concentrate on building your business.
Requirement by law
Sometimes, you cannot complete some types of businesses without a notary. This happens where the business involves the state or government, and depends on where you live. Some of the transactions include selling a house or real estate property registered with the state, transferring the financial power of attorney, and selling a car. The types of transactions that require a notary will vary from state to state. Sometimes, the services of a notary are recommended (not necessarily required) to make a transaction durable, sense.
Impartiality and prevention of manipulation of people and circumstances
A notary public ensures that the person signing the documents does not do so under any threats. A notary cannot oversee the signature of a document in which they have an interest. He is supposed to be impartial. The two parties must be confident that their documents are being handled by a neutral party, who is not biased. If the notary shows any favoritism towards any parties, he may be held liable for malpractice.
All in All
The services of a notary public come in handy for local businesses, especially when entering contracts or dealing with government documents. He is the unbiased third party who makes documents and transactions durable in a legal sense.