Legality of eSignatures

published on Contract Management
Customers of Legisway are using legally binding eSignature service providers like DocuSign and EchoSign. You can execute contracts and agreements with confidence without the hassle of singing and exchanging paper documents all parties involved. You will avoid these issues:
  • Contracts are not signed by both parties
  • Contracts are signed by unknown officers
  • Contracts are signed without a date
  • Contracts are executed before the signing
eSignatures for internal approval and signatures Not only for external signatures the eSignature is usefull. Legisway helps companies to digitalize the internal signatures of official documents like contract approvals and resolutions. The workflow engine and the audit trail together with the Role Based Authentication of the platform provides a very solid internal eSignature platform. 26-6-2013_21-07-55 International eSignature Laws Laws enabling legally binding eSignatures have been passed around the world giving documents executed with eSignatures the same legal validity and enforceability of traditionally signed documents. Some examples of international legislation: Signature Authentication for external contracts Most eSignature providers authenticate the document signers based on their General Terms. An example: “Any person signing a document must either have login information or have received a “request for signature” email”. Signature Affixation Next to the authentication of the Signer, each signature on a contract is in most cases affixed to the contract. When you request a signature, the service provider affixes a Signature Certificate to the contract itself. The Signature Certificate should include an audit trail, unique document identification, and several pieces of user identification data. Contract Enforceability The service provider keeps your contracts secure and prevents tampering of the contract during and after the signing process. Most providers create a unique record of the underlying document before either party signs it and then a separate unique record of the underlying document that contains all the signatures. Court-Admissible Transactions Log The service providers create a comprehensive transaction trail between signing parties. They should provide you with a transaction history, they should track and timestamp various information from the moment the document is submitted for signature to when it is completely signed and secured, such as IP information.