Electronic signature basics

Posted by on Jan 19, 2016 in Electronic signature

In the U.S. federal law, electronic signature is defined as an “electronic sound, symbol, or process, attached to or logically associated with a contract or other record and executed or adopted by a person with the intent to sign the record.” To put it simply, an electronic signature, also called e-signature, is simply a person’s agreement to the terms of a particular agreement on contract, but expressed electronically rather than signing a paper with pen.

With the widespread and multipurpose use of the Internet, the electronic signature has become a very common method of signing contracts, and in many countries’ legislations it is officially recognized and equally valid as traditional signature. It can be performed in several ways – from simply clicking “I Agree” button to digitally encrypting a signature or sending a scanned copy of an ink on paper signature. No matter the method of e-signature, it is legally binding, so make sure to actually read Terms and Conditions of any document you are asked to agree to online, in order to avoid inconveniences. For more possibilities check linked here page.

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Electronic signature can be used for various purposes – if you own a business, you can use it to send the contracts for your employees or associates to sign. You as a business owner can be requested to electronically sign sales contracts, invoices and other business documents.

As an individual, you can be asked to electronically sign rental or housing contracts, bank forms and documents, tax and insurance documents and similar paperwork. Any contract related to school or scholarship can also be signed electronically, especially if you deal with a university abroad.

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Electronic signature, as mentioned, can be created in several different ways. There are websites and apps offering a service of creating and recording your e-signature, but it is important to make sure that they are fully secure. First, it is possible to draw a signature by using a computer mouse. Then, you can do it by taking a photo of your ink and paper signature and upload it onto an e-signature creating website. And lastly, you can use a smartphone app and draw a signature with your finger.

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Legal requirements for selling goods at craft fairs

Posted by on Jan 19, 2016 in Legal requirements

It seems that making and selling crafts has never been more widespread, whether they are sold on flea or craft fairs. Creating and selling crafts is probably one of the trends we can ascribe to the advent of the Internet, since many tutorials can be found online. They allow many people to try out their craft skills, create various pieces of arts and crafts, which they often decide to sell in order to either improve the home budget, or even develop a serious business out of it.

Crafts are most frequently sold online, but since there are so many craft sellers nowadays, there are also many craft fairs organized specifically for the purpose of selling these kinds of products. Also, many crafty people decide to sell their work on flea markets.

Before you start selling what you have made, it is important to ask yourself whether you want to do it only as a hobby, or you plan to develop a business. If you sell crafts only as a hobby, it should be a pretty simple matter. You can register for crafts fairs organized in your city or any other city of your country.

You will usually be required to pay the participation fee, and what you earn is yours. But depending on the country, you may be required to pay the tax even for the goods sold on crafts market, so make sure to study the law that regards this matter.

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If you decide to develop a business from making and selling crafts, it is a much more serious procedure. You need to register a company and pay taxes from selling your products, just like any other type of business does. You should think of a name for your business and register it with the government authorities of your country. For more information check browse around this site.

You will also need to file a request for getting a Federal Employer ID Number for yourself and any other employee of your company. However, you can still be able to sell your goods on crafts fairs, respecting the rules of their organization and the laws of your country regarding this kind of sale.

 

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Electronic contracts and signatures

Posted by on Jan 19, 2016 in Electronic contracts

features-security-400x300-2With more and more aspects of life transferring online, the same has happened with businesses of all types and sizes. Therefore, there emerged a need for electronic contracts and naturally – electronic signatures. The federal legislation signed electronic signatures into the U.S. law relatively recently, and the electronic signatures are nowadays considered equally valid as traditional paper signatures.

Electronic signatures are similarly regulated by law in more than 30 countries, while in others they are still not equally valid as paper signatures and paper contracts.

The most frequent type of electronic contract is a so-called “Click to Agree“contract, which becomes legally binding once you click the “I Agree” button. There are also some other forms of electronic contract, and the electronic signatures that go with them. You can type your full name in the “signature” area, upload a scanned version of pen on paper signature, or use cryptographic “scrambling” technology – which is the most common technique behind the term “electronic signature”.

Since this concept is still relatively new, it is constantly worked on its further progress and improvement. please see here for more information. The most important conditions it needs to fulfill are to be safe for both parties involved in a contract, and to be valid as proscribed by the state and federal law. Some of the greatest advantages of this type of signature are that it makes concluding a contract much faster and easier than before, it is environmental-friendly and most importantly – it is safe and usually equally valid as a traditional signature on a paper contract.

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A slight disadvantage lies in the fact that not everyone meets software requirements for concluding and signing an online contract, which is why companies almost always need to offer an opportunity of signing a traditional, paper-based contract to every party they want to do business with.

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