oboloo

oboloo FAQ's

What Qualifies As An Electronic Signature?

What Qualifies As An Electronic Signature?

In today’s modern digital world, electronic signatures are becoming increasingly common and accepted as a valid way to signify a contract or agreement. But what precisely is an electronic signature, and what qualifies as one? This blog post dives into the details of electronic signatures, exploring everything from how they differ from traditional handwritten signatures to the legal implications of using them. We’ll also discuss the advancements in technology that make them possible—and why they may soon be the preferred choice for signing contracts and agreements. Read on to learn all about this fascinating new form of signature!

What is an electronic signature?

An electronic signature, also known as an e-signature, is a legally binding way to get consent or approval on documents and forms. Just like a handwritten signature, an e-signature indicates that the person signing agrees to the terms of the document.

E-signatures are created using software that generates a unique code that is tied to your identity. When you sign a document electronically, the software creates this code and attaches it to the document. This code is then used to verify your identity and confirm that you agree to the terms of the document.

E-signatures are becoming increasingly popular as more and more businesses move online. They’re faster and more convenient than traditional signatures, and they can be used on any type of device, including smartphones, tablets, and laptops.

The three types of electronic signatures

There are three types of electronic signatures: simple, electronic signatures based on biometrics, and digital signatures.

A simple electronic signature is any kind of electronic mark that indicates the intent to sign something. This could be an email signature, a typed name, or even an “I Agree” button on a website.

An electronic signature based on biometrics is a bit more complex. It uses some sort of physical characteristic of the person signing to verify their identity. This could be a fingerprint, a iris scan, or even a voiceprint.

A digital signature is the most secure type of electronic signature. It uses encryption to verify the identity of the person signing, and it can also be used to verify the integrity of the document being signed.

What are the benefits of using an electronic signature?

There are many benefits of using electronic signatures, including:

1. convenience – you can sign documents from anywhere, at any time
2. security – digital signatures are more secure than traditional handwritten signatures
3. speed – you can get documents signed and returned quickly
4. cost-effective – you can save on printing and postage costs
5. eco-friendly – you can reduce your paper usage

How to create an electronic signature

There are a few different ways that you can create an electronic signature. One way is to use a software program that allows you to electronically sign documents. Another way is to use an online service that provides electronic signatures.

If you want to create an electronic signature using a software program, there are a few things you need to do. First, you need to find a software program that supports electronic signatures. Next, you need to open the document that you want to sign and insert your name or initials where you want your signature to appear. Finally, you need to save the document with your new signature.

If you want to use an online service to create an electronic signature, there are also a few things you need to do. First, you need to find a service that provides electronic signatures. Next, you need to upload the document that you want to sign and enter your name or initials where you want your signature to appear. Finally, you need to download the document with your new signature.

Are there any risks associated with using an electronic signature?

When it comes to electronic signatures, there are a few different schools of thought in terms of their security and legitimacy. Some people feel perfectly comfortable using an electronic signature for things like contracts and legal documents, while others are much more hesitant and prefer to stick with the traditional pen-and-paper method.

So, what are the risks associated with using an electronic signature? Well, it really depends on who you ask. Some experts will say that there are very real dangers associated with using electronic signatures, while others will argue that they’re actually much safer than traditional signatures.

At the end of the day, it’s really up to you to decide whether or not you’re comfortable using an electronic signature. If you are, then great! But if you’re not, then that’s perfectly fine too. Just remember to weigh the pros and cons carefully before making your decision.

Conclusion

Electronic signatures are a legal, reliable way to securely sign documents electronically without worrying about privacy or authenticity. With the right software and services, you can be sure that your electronic signature is secure and legally binding. As we have seen here, various methods of creating an electronic signature qualify as one so long as they meet the required criteria. Whether you’re signing a contract online, digitally signing a document for court proceedings, or simply sending in paperwork to your client remotely – using an e-signature is definitely something worth considering.

Want to find out more about procurement?

Access more blogs, articles and FAQ's relating to procurement

Oboloo transparent

The smarter way to have full visibility & control of your suppliers

Contact

Feel free to contact us here. Our support team will get back to you as soon as possible

Oboloo transparent

The smarter way to have full visibility & control of your suppliers

Contact

Feel free to contact us here. Our support team will get back to you as soon as possible

© 2024 oboloo Limited. All rights reserved. Republication or redistribution of oboloo content, including by framing or similar means, is prohibited without the prior written consent of oboloo Limited. oboloo, Be Supplier Smart and the oboloo logo are registered trademarks of oboloo Limited and its affiliated companies. Trademark numbers: UK00003466421 & UK00003575938 Company Number 12420854. ICO Reference Number: ZA764971