What factors make digital signatures legally-binding?
Electronic
signatures have been in use for more than a decade in the EU, US,
Canada, and many other countries. Nonetheless, the acceptance rate only
started to gain momentum over the past few years. Originally, the
hindrances to e-signs adoption included the concerns over their
legality, the typical reluctance to embrace new technologies, and the
huge up-front costs of the first solutions.
In
America, for example, it is not sufficient for a transaction just to be
legal; the majority of organizations would like to be certain, the said
transaction can hold up in a court of law.
Many years have passed since various e-signature laws became active. And as expected, electronic signatures solutions are now powerful, elegant, affordable, reliable, and their overall return on investment is unquestionable.
That’s said; there are a clear set of guidelines as to what really makes them compliant; and more so, legally valid.
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