As part of global efforts to move away from a paper based environment, create a uniform standard for electronically signed documents/agreements and make them as legally binding as paper based ones or simply give them “legal admissibility”, most of the industrialised economies have enacted their own “Electronic Signature” Laws.
BASIC ELECTRONIC SIGNATURES.
An “e-signature” is a simple and recognized way to indicate consent or approval on a digital document and is legally admissible. Under most countries’ laws, an “e-signature” is any electronic “sound”, “symbol” or “process” that is related to an agreement/document and executed with the intent to sign/approve that document.
ADVANCED OR DIGITAL SIGNATURES.
A “digital signature” (also known as an “advanced e-signature”) requires the signer to attach a digital certificate to the document which positively establishes the identity of the signer. These certificates are generally issued by an independent certificate authority, which verifies the identity of the signer before issuing the certificate. Due to the stringent requirements for a digital certificate, the costs of acquiring and using these certificates is prohibitive and should not be used for daily administrative documents.
For more on Electronic Signatures, the different types, the pros and cons of each and their costs, we suggest you visit the following sites;
U-Sign-It cannot provide legal advice and therefore no information on this page must be taken as such.