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There are tools available to streamline the process of creating, sending, negotiating, and executing contracts. These tools typically rely on outdated methods, such as emailing back and forth and using tools like Microsoft Word and Google Docs. Panadoc offers a new process that allows you to create, send, redline, track, approve, and execute contracts all within one tool in your browser window. This simplifies the process and prevents the need to switch between multiple tools. With Panadoc, recipients can suggest changes and complete contracts efficiently.