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I read the ESIGN Act and I think other laws are probably similar. All the is required is a few components for a digital signature to be considered valid. Why do
by EGreg 5y ago
I read the ESIGN Act and I think other laws are probably similar. All the is required is a few components for a digital signature to be considered valid. Why do we need images of pdfs and docusign to make agreements? Wouldn't it be so much better to have people click to e-sign something on our own site, where we control the entire process AND make it easy to understand what things mean?
https://en.wikipedia.org/wiki/Electronic_signatures_and_law https://en.wikipedia.org/wiki/Electronic_signatures_and_law
All you need for a digital signature to be legally binding is:
(i) Intent to sign & opt-out clause. ...
(ii) Consent to do business electronically. ...
(iii) Clear signature attribution. ...
(iv) Association of signature with the record. ...
(v) Record retention.
Why don't most companies just do it on their own site?
- djrogers 5y agoBecause for pennies per signature (at scale) you (as a small business owner/realtor/someone with no technical background) don't have to worry about: a) Document storage b) Securing said storage c) various and sundry potential legal issues Those types of worries are the perfect market for a SaaS.
- jackconsidine 5y agoSignature attribution is a bit tricky. Interestingly, many esign providers use email as the authorization mechanism: you must have access to X email if you only can receive the secure link from this email. That makes the attribution component functionally as secure as your customers' email client.
- ClumsyPilot 5y agoIf your email was included in dozens of data leaks, as is the case for most people, isn't that signature is worthless?