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Web what does “its” mean on a signature line? The word “its” can be used in the signature block on a document instead. Web what does its stand for on a contract? Web these signatures indicate that all parties agree to the contract’s terms. When signing a contract, “its” is often used to denote what position the. Web no, `its` and `it`s` have distinct meanings in grammar and legal writing. `its` is possessive, while `it`s` is a contraction for. These items must be accurate and should clearly and. “ its ” should be used when you’re signing on behalf of a company, and you need to indicate your.