Keep your contracts organized and in a secure location. Misplacing a contract can lead to miscommunication between parties or even breaching the terms of an agreement. You want to always be able to easily reference the contract so you don't miss important deadlines or forget about your specific obligations to the other party. You also don’t want a misplaced contract to end up in the hands of someone uninvolved with the agreement. Contracts tend to contain confidential details about the parties and may contain sensitive business details. When storing contracts, you should either:
Keep physical copies in a fireproof cabinet.
Store digital copies on a computer protected by a password and documents on hard drives.
Store contracts online using cloud platforms like Google Drive, Dropbox, or OneDrive.