Good Faith Form
Use a Good Faith template to make your document workflow more streamlined.
What the Good Faith Form does
A Good Faith Form is a private business record used to document that parties are acting honestly and intend to proceed with a transaction or agreement. It is not identified here as an IRS, USCIS, or other federal filing with a standardized issuing agency, deadline, or mandatory field set. Teams can upload the specific Good Faith Form to signNow, place or auto-detect fillable fields, collect signatures, and retain the completed file with an audit trail. Legal effect depends on the transaction, signer intent, consent, applicable state law, and document wording.
Who benefits from a Good Faith Form
The form is most useful when several parties need a documented statement of intent, honest dealing, or transaction understanding.
Solo consultants use a Good Faith Form to document honest representations, expectations, and approval before beginning client work or accepting payment. Real estate practices use it to record transaction intent and disclosures while coordinating signatures among buyers, sellers, brokers, and lenders. Enterprise procurement teams use reusable Good Faith Form templates to collect consistent acknowledgments from vendors across departments and locations.
These tasks are executed by both individual contributors and centralized administrators depending on organizational policy and required controls.
How the Good Faith Form workflow works
The signNow workflow moves the Good Faith Form from an uploaded file to a completed, traceable electronic record.
Upload: Upload the Good Faith Form to signNow. Prepare: Auto-detect fillable fields and verify assignments. Route: Send the form to the named parties. Complete: Collect signatures and store the completed record.
Complete a Good Faith Form online
Upload the specific form, prepare its fields, route it to the right parties, and preserve the signed record with supporting activity details.
Upload the form:
Upload the Good Faith Form file to signNow. Check fields:
Review detected fields and add missing signature, date, or text fields. Add signers:
Enter each recipient’s email and assign the required fields. Send for signature:
Send the form for electronic completion and signing. Store records:
Download or store the completed form with its audit trail.
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Features for completing Good Faith Form
signNow applies document preparation, routing, signing, and record controls directly to the Good Faith Form workflow.
Field preparation
Upload the exact Good Faith Form, use auto-detected fields where available, and add missing signature, date, or acknowledgment fields before routing it to recipients.
Signer routing
Send the prepared Good Faith Form to named recipients by email or a signing link, with each required field assigned to the correct person.
Audit trail
Capture signer actions, timestamps, and document history in an audit trail connected to the completed Good Faith Form for later review.
Reusable templates
Use templates when the same Good Faith Form wording and field arrangement recur across transactions, while reviewing transaction-specific details before each send.
Mobile signing
Complete the Good Faith Form from signNow mobile apps when participants need to review or sign away from a desktop workspace.
Record retention
Store the completed form and supporting audit record together so the parties can reproduce the signed transaction record when needed.
Privacy and disclosure pitfalls
Personal information included in Good Faith Form may be exposed when recipients receive unrestricted copies or forwarding permissions. Missing consent language can weaken evidence that a signer agreed to electronic delivery and signature. Shared links without access controls may let unintended recipients view or complete the Good Faith Form. Overbroad team permissions can expose completed Good Faith Form records beyond the people handling the transaction.
Legal standing of a Good Faith Form
For a U.S. business transaction, an electronic Good Faith Form may be admissible when the parties show intent, consent to electronic records, signer attribution, and reliable retention and reproduction under ESIGN, 15 U.S.C. ch. 96, and applicable UETA or New York ESRA rules. ESIGN exceptions include wills, codicils, testamentary trusts, and certain court orders and family-law decrees.
Check state-specific document rules
Notarization required
Wills excluded
Family-law documents
Real-estate deeds
Protect Good Faith Form records
Data in transit:
Data at rest:
Security assurance:
Information security:
U.S. eSignatures:
Health information:
Good Faith Form completion practices
Use a precise document, assign fields carefully, capture consent, and control access before distributing the completed Good Faith Form.
Identify the transaction and representations
Assign every field to the right signer
Document electronic consent clearly
Restrict access to sensitive records
Retention periods depend on use
A Good Faith Form has no single federal retention period identified here. Match retention to the transaction, regulated records, contract terms, and applicable state law.
Private business record
3 years: tax support
6 years: tax understatement
6 years: HIPAA records
Longer if required
Good Faith Form troubleshooting
Resolve field, signing, plan, consent, and record-handling questions before sending a Good Faith Form to another party.
Upload the exact Good Faith Form file again, then use signNow’s field placement tools to add any fields that were not detected. Confirm every signer, date, and acknowledgment field before sending.
The Business plan includes templates, audit trails, mobile apps, and legally binding eSignatures at $8 per user per month when billed annually. Month-to-month pricing is $20 per user per month.
Business Premium adds bulk send at $15 per user per month annually. It is useful when the same Good Faith Form must be sent separately to many recipients with consistent fields.
Use signNow’s audit trail to preserve timestamps, signer actions, and document history with the completed Good Faith Form. ESIGN and UETA address electronic-signature validity, but transaction-specific requirements still apply.
For consumer-facing transactions, provide the ESIGN consumer disclosure, show that the recipient can access electronic records, and explain withdrawal procedures under 15 U.S.C. §7001(c). Store the disclosure with the form.
HIPAA compliance is available with a business associate agreement when the Good Faith Form contains protected health information. Do not place health information in the workflow unless the use case requires it.
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