Any technological shift brings with it concerns, skepticism, and fears. And the same is true with e-signatures. Here we will address the common concerns regarding the adoption of digital signature technologies.
The prime concern of businesses regarding electronic signatures is whether they are legal. Can a contract that is digitally signed be enforced in the court?
The answer to this question is in affirmative.
As long as the digital signature conforms to the requirements of E-SIGN Act 2000, it will be legally binding. For European counterparts, the esignature must conform to the requirements of eIDAS. Here are the common requirements for a digital signature to be held valid.
· Identification of signatory
· Link between signatory and signature
· Flag changes in documents
Reliable electronic signature companies exceed the legal requirements to ensure security and validity of digital signatures. So, a contract that is signed using the services of a reliable company is legal and can be enforced in the court without any issues.
Another important concern regarding digital signatures is the verification of the signer. Companies are concerned about sending confidential documents for signing. They want to ensure that the document has been signed by the intended person.
Secure digital signature companies make use of robust verification technologies. Each user is provided with a unique digital ID or signing key. The key is only accessible to a specific person. If any changes are made in the document by an unauthorized person, the esignature will be invalidated. This user key is stored in a secure server that can't be accessed by a third party.
Not all companies that offer digital signature companies are reliable. Only companies whose digital signature services that conform to legal requirements stipulated in the ESIGN ACT, eIDAS, or other legislation are reliable. These signatures can be enforceable in the court without any problems. However, it's recommended that you should first sign up for a free trial. In case, you find the services reliable and convenient, you should then decide to stick with it.
In conclusion, digital signatures are completely valid and legal. The reality is that adopting digital signatures will provide a lot of benefits. They are much more secure as compared to scanned signatures. Moreover, they save the time of the individuals in signing documents. This will ultimately result in a positive impression of the company. Also, it will result in a much more organized and efficient workflow resulting in a positive impact on the company's bottom-line.