![]() ![]() Sending a negotiated contract to be signed in mouse-drawn script is perfectly acceptable if both parties agree to it, but here are some other services that might make the process smoother: Whether To Use An Electronic Signature ServiceĮlectronic signature services provide a variety of ways to simplify the signature process and improve document management. In the corporate setting, major business dealings or financial transactions may require a notarized document. Wills, sworn declarations, and powers of attorney generally fall into this category. Often, these documents involve a greater risk of fraud due to a false or forged signature. An electronically signed contract will face the same scrutiny in a court of law as would its paper counterpart.įor all of their convenience, e-signatures are lacking when it comes to documents that need an extra layer of identification, notarization, or one or more witnesses. Understand that this does not give any special credibility or weight to electronic signatures. Records of the electronic signatures must be retained and available for accurate reproduction. The process by which the signature was created must be recorded by the software used to create the signature. ![]() In a B2B context, consent can be circumstantial, but for consumers it must be affirmative. The parties must consent to the electronic signature. In addition to intent, keep these requirements in mind when considering whether an e-signature is legally valid: Like a traditionally signed contract, one of the most important elements of validity is the signing party’s intent to be bound. ![]() As long as certain requirements are met, they have the same legal effect as their written equivalents. Simply put, yes, digital signatures are valid and enforceable. With the continued proliferation of digital technology in business and legal operations, ranging from execution of complex international contracts to managing a high volume of standard commercial lease agreements, you should know how and when using electronic signatures is good for your business. ![]() Those of you who have not yet migrated to e-signature may be concerned about whether using one is binding or enforceable. Most business and legal professionals are at least curious about (if not already using) electronic signatures to execute contracts. ![]()
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