eSignature technology has been growing steadily since its inception, but the COVID-19 pandemic sent it into overdrive. Businesses had to shift the way they operate to stay afloat, and remote work environments demanded the availability of eSignature solutions.
Electronic signatures offer many benefits beyond remote work environments, especially for law firms. In a world with consumers wanting more convenience and flexibility, law firms need to stay ahead of the curve and embrace the disruption.
If your law firm has yet to enjoy the benefits of an eSignature tool, right now may be the perfect time to try it out.
If you’re still apprehensive about collecting signatures online at your practice, we’ve laid out some general facts about the technology, and its pervasive use across industry. We encourage you to read ahead to learn more!
An electronic signature, or eSignature, is an electronic symbol that’s attached to a contract or record and signed with intent by the signer.
Valid and legally binding, eSignatures can be used in most places an ink signature is used, based on the Uniform Electronic Transactions Act (UETA) and the Electronic Signature in Global and National Commerce (ESIGN) Act.
For recognition as a legally binding signature according to U.S. federal law, eSignatures need to comply with the following standards:
Intent to Sign: The party must intend to sign the document and adopt the terms.
Consent to Electronic Transaction: Each party...
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