Electronic Signature
ASSIGN, SEND
Select the right document template, assign signature to your clients and send it
SIGN
Easily sign the document on your desktop, laptop, tablet or mobile on the go. Type or upload. Simple
SUCCEED
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What is electronic signatures?
An electronic signature, or e-signature, is a legally binding way to sign a document online. It is created by typing your name into a text box and clicking a button to confirm that you agree to the terms of the document. Electronic signatures are as legally binding as handwritten signatures and can be used for contracts, waivers, and other legal documents.
Are electronic signatures legally binding?
In the digital age, more and more transactions are completed electronically. From paying your bills to signing a contract, there are many instances where an electronic signature can be used in lieu of a handwritten signature. But is an electronic signature legally binding?
The answer is yes, electronic signatures are legally binding as long as they meet the requirements specified by state law. In order for a contract to be legally binding, it must be signed by both parties. Traditionally, this has been done with a physical signature on paper.
USA
In the United States, the Uniform Electronic Transaction Act (UETA) states that electronic signatures are legal only if all parties have agreed to conduct the transaction electronically.
Europe
Similar legislation exists in the European Union under electronic, Identification, Authentication, and trust Services (eIDAS). eIDAS makes sure that each type of e-sign is acceptable as evidence in European Union Courts and shall not be deprived of its legal effect merely because it is in electronic form.
This means, choosing an electronic signature won’t harm your organization from a legal standpoint. However, for an electronic signature to be legally valid, it must fulfill the following conditions:
- It should provide a definite intent to sign or a clear option to opt-out
- It demands that you give consent before signing.
- It attributes the signature clearly. This could include an email trail or record, IP address, or the time of the signature.
- The signature must be directly connected or associated with the document.
Are electronic signatures the same as digital signatures?
While both the terms are used interchangeably and both are used to authenticate documents, there are certain differences between the two.
The purpose of an electronic signature is to identify the signer and to attest to the fact that the signature was placed intentionally. An electronic signature can be either a typed name or an electronic image of a handwritten signature.
A digital signature, on the other hand, uses cryptography to create a unique, unforgeable message digest that is attached to a document. A digital signature is a type of electronic signature that uses cryptography to ensure the authenticity and integrity of a message or document.
A digital signature is created when a user’s private key and the document’s hash value are combined to create a unique signature. This signature can be verified by recalculating the hash value of the document with the user’s public key and comparing it to the original hash value.
Why you should use electronic signatures?
In a world where technology is constantly evolving, it’s no surprise that our methods of signing contracts and other legal documents have changed too. Gone are the days of ink signatures on paper- now, we can use electronic signatures to do the same job in a fraction of the time.
- Electronic signatures are a secure and efficient way to sign documents.
- They are legally binding in the United States and many other countries.
- Electronic signatures can be used for a wide variety of purposes.
- They are easy to use and can be customized to fit your needs.
- Electronic signatures are a cost-effective way to sign documents.
What are the benefits of Electronic Signature?
It is a new way of doing business. EMBRACE It. Get an edge over the traditional approach & your competitors
Saves Cost
Automating the process of signing documents online helps you reduce the cost. It is no more about hard copies, manual transfer/shipping of documents. It is environment friendly too.
Saves Time
Being online means you are no longer running around posts to pillar and things are available at a click of a button. Saving time and saving cost goes hand in hand. Best part of eSignature, it is fast
Do Business Faster
Not only Fresh Proposals makes it easy, quick users/clients to sign the document, it also enables companies do business faster: close deals to kick-off projects. Notifications, insights helps you drive results faster.
Convenience
The buzzword today is convenience. When everything we want is available to us at a click, why should business documents be exception. You can follow the due-diligence, review process still the way you can eSign the document online is very convenient.
Clear Visibility
Traditional form or signing document lacks visibility to the status. Fresh Proposals gives you clear visibility to what is happening with your document: is it even opened, viewed, signed (who, when). Be specific in your communication and you can avoid shooting in the dark.
Increased Compliance
The things you do with papers to be compliant with business transactions, you can have the similar compliance with eSignature process and the features tool offers. Temper proof documents and audit trail help you be compliant with state, federal laws.
Improved Customer Experience
The ability to sign the document online is a different experience. Sign it either by typing, writing or uploading scanned image. It is hassle free experience that makes you look far more professional than others dealing with your client/prospects
Get Paid Faster
The very nature of Electronic Signature being online, you can trigger the payment flow automatically as soon as client signs the document. This speeds up the business flow to collect advance payment from your client. With integration with Stripe payment, you can get paid faster.
Reduced Risks
The chances of loosing the document, forgery are next to none if you use Electronic Signatures. Thereby you reduce the risks associated with the process of signing the documents in a traditional way. You have a greater audit trail and therefore better compliance mechanism.