Electronic signature basics
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.
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.
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.