The electronic signature is any form of electronic method that will indicate that an individual will adopt the contents seen in an electronic message. For the intent of US law, this is defined as a sound or electronic method that is attached to or associated with an agreement or contract and is being adopted by someone who intends to sign the record. This electronic signature can be seen in fax transmissions or in encrypted messages as well as in telegraphy with the use of Morse code. With respect to business and the law, a signature that is present on a certain document is a form of indication that the person whose signature appears voluntarily adopts the intentions expressed in the document. This will be similar to a stamp.
There are many companies that are implementing the use of electronic signs to reduce their operating costs. This can also make the process automatic and speed up your processing. Also, this will directly address legal compliance and restrict liability. Also, the entire process is productive without going through much trouble.
For eleven years, electronic signs have been made legally enforceable, making them legally binding in a manner similar to a contract that is based on paper. In fact, it has been given a legal meaning that will allow companies to comply with regulations around the world. Furthermore, the use of the electronic signal has effects on the environment. There is a reduction in the use of oil and carbon emissions.
Even if handwritten and electronic signatures are considered legally binding, it is the electronic signature that has the ability to ensure that important documents will not be repudiated. By way of illustration, any alteration made to a certain document with an electronic signature will be indicated transparently and will immediately invalidate the signature that is made. As a result, protection against counterfeiting is quite possible.
There are a few considerations to keep in mind when selecting an electronic signage solution to maximize business benefits with a paperless environment. It would be best to choose a solution that relies on PKI or Public Key Infrastructure to ensure document integrity and legal compliance. Make sure the solution you choose supports all applications and not only gives you information on how to digitally sign a PDF document. It should be a solution that is likely to address the present and future requirements of the business. Furthermore, the right solution for electronic signature must be user friendly to ensure that the document is already sealed and executable.
PKI stands for Public Key Infrastructure. The underpinning concept of PKI, where one person encrypts a message knowing that the recipient has the secret key to decrypt it, has been in practice for thousands of years. Today, its most familiar use is probably online communications. To ensure data safety when communicating with others, the data is encrypted and can only be decrypted by a party with the correct private key at intertrust.com