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Browse the siteApril 03 2017
Having a legally valid electronic signature solution is a key component of any company's overall digital transformation. But beware, eSignature solutions are not all created equal.
Solutions can range from low end – what I like to refer to as "ScribbleSign," which simply pastse an image of a signature into a document – to highly developed and secure electronic signature platforms like DocuSign, that offer powerful privacy, security, encryption and authentication capabilities to protect the document's information and transaction data.
An essential part of understanding your digital transformation is being aware of the distinction between what might at first blush appear to satisfy minimal requirements, and what conforms to best practices requirements and regulations for legally valid eSignatures around the world.
For example, just recently in New South Wales, Australia, the Supreme Court found that even though an electronic signature from a Scribble Sign vendor in question was genuine, it had not been affixed with legal authority – making the contract unenforceable, because it did not provide evidence of authority that could be demonstrated through a robust and verifiable audit trail.
Imagine if all your electronic contracts and agreements were invalid simply because you used the wrong eSignature solution.