What are Electronic Signatures?

An electronic signature can be any digital method signifying an individual’s intent to agree or approve the contents of a document.


Typed Names: Typing one’s name at the end of an email or document, a rudimentary form of e-signature.

Scanned Signatures: Digital reproductions of handwritten signatures.

Click-to-Accept Signatures: Commonly used in software agreements where users click a button to signify agreement.

Digital Signatures: A specialized form of electronic signatures, they deploy public key infrastructure (PKI) encryption to ascertain the signer’s identity and the document’s integrity. Utilizing the signer’s private key for creation, they can be validated by anyone holding the corresponding public key.

Benefits of Electronic Signatures

Convenience: Eliminating the logistics of printing, scanning, or mailing, e-signatures allow for instantaneous signing and sharing from anywhere and on any device.
Efficiency: Speed up processes that previously took an extended period, reducing them to mere minutes.
Security: With encryption at their core, e-signatures safeguard the authenticity and integrity of documents, ensuring they stand robust against forgery or tampering.
Eco-Friendly: By negating the necessity for physical printouts, they support sustainability and environmental conservation.
Cost-Efficient: By sidestepping expenses tied to paper, ink, mailing, and storage, e-signatures promote substantial cost savings.
Audit Trails: Modern e-signature platforms meticulously track and archive the signing process, granting a comprehensive and transparent record.
Globally, the legitimacy of electronic signatures is acknowledged under various regulations and acts, such as the Electronic Signatures in Global and National Commerce Act (E-SIGN) in the US and the European Union’s eIDAS regulation. As they continue to reshape the landscape of agreements, it’s imperative for users to ensure compliance with regional and national laws while leveraging electronic signatures.

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How do electronic signatures work?

An electronic signature is simply an electronic version of your handwritten signature. You can create an electronic signature using a variety of methods, including typing your name, drawing your signature with a mouse or your finger on a touchpad, or using a stylus on a touchscreen.

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Are electronic signatures valid?

Electronic signatures are just as valid as handwritten ones. The Electronic Signatures in Global and National Commerce Act, or E-Sign Act, passed in 2000, established the validity of electronic signatures for contracts. In fact, you may find that electronic signatures are even more secure.

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Can electronic signatures be forged?

It is possible to forge electronic signatures, but it’s much more difficult than forging a handwritten version. If you’re concerned about someone forging your electronic signature, you can take steps to protect it, such as using a digital certificate.Start using electronic signatures today.

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What is physical signature vs. electronic signature?

A physical signature is the conventional act of signing paper documents with a pen, leaving a tangible mark. An electronic signature is a digital representation of one’s intent to sign a document, utilizing methods like typed names or biometric data, providing the convenience of remote and efficient signing.

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Electronic signatures, often abbreviated as e-signatures, denote a sophisticated electronic process used to authenticate the identity of a signer and indicate their acceptance of an agreement or record.
As an innovative replacement for traditional pen-and-ink signatures, electronic signatures have emerged as an indispensable tool in today’s digital age. By encapsulating the essence of conventional signatures, e-signatures offer not only an equivalent level of legal binding but also present numerous advantages.

 

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