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What is an Electronic Signature?

What is an Electronic Signature or Digital Signature?

Digital Signature also called as electronic signature or e signatures or E-sign are the digital confirmation of a sender’s intent to sign a document. Electronic signatures are the signature at the end of an email or the signature at the end of an e-filed tax return.

 

With the shift to a remote work model, more businesses are adopting esignatures every day. But the acceptance of esignatures has also given rise to scams & identify thefts. According to a report by Tech Digest, Amazon (17.7%) & DHL (16.5%) topped the list for the most impersonated brands in email phishing attacks worldwide last year. And that is why it is important that users fully understand the applications of electronic signatures and the service providers that are at the forefront of this technology.

What is an Electronic Signature or Digital Signature?

People have been signing documents electronically for many years, but there are plenty who don’t know what documents they can or cannot sign electronically. Here are a few documents you can & cannot sign using esignatures as per the CCLA (Contract & Commercial Law Act, 2017).

 

Documents where you can use Digital signatures:

  • Real estate agreements
  • Leasing agreements
  • Commercial agreements
  • Director resolutions
  • Shareholder resolutions

Documents where you can use Digital signatures:

  • Testamentary documents like Wills
  • Statutory declarations
  • Affidavits
  • Powers of Attorney
  • Information that is required to be given in writing

*Note: Different countries have different laws concerning the application of e sign. The best way to confirm which document can or cannot be electronically signed is by checking with the concerned authorities.

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