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In this quick tip episode on signing a contract, William Dolan from Esquire Advice emphasizes the importance of correctly identifying the contracting parties' names. It's crucial to list your company name instead of your individual name in the contract's first paragraph. Dolan frequently encounters clients who mistakenly use their personal names, which can lead to disputes. He highlights that entities are formed to protect the individual's liability, and using the company name ensures that the business is responsible in legal matters. Always consult your local attorney before taking any actions related to contracts.