Elements are placeholders embedded in the text of a template, where deal-specific information can be supplied each time a new contract is created. But unlike the blanks or brackets you might see in a Microsoft Word document, elements are dynamic. In a contract, elements appear as click-able fields that can be filled in with appropriate responses, as seen in this example:
Elements fields are dynamic, so you can update them any time by clicking on them and filling in new info.
Why add elements to a template?
Outlaw's platform knows whether an element still needs to be filled in, so it doesn't let you accidentally send or sign an agreement before it's actually complete.
Elements also hold space for specially-formatted fields such as drop down menus:
Elements also let you set "default" responses, which auto-fill as soon as you create a contract, saving you time.
What information should I create elements for?
Elements should be created wherever you normally leave a blank in a Word document to be filled in each time a new contract is sent out.
Create elements to hold space for the names of the Parties on a deal (for example, "Client" and "Vendor"), as well as any other pieces of information that change from one deal to the next:
Elements also serve as placeholders for visual components such as pictures and tables:
Next Step: Create your own elements!
Elements are an important part of how Outlaw lets you creates repeatable, bullet-proof contracts; so now that you know what elements are for, click here to learn how to create an element in a template!