All documents will be sent to you via email for signing.
What is an electronic signature?
An electronic signature is a digital mark indicating an agreement to a contract or document. For example, when you sign your name on a courier’s mobile device — that’s an electronic signature.
eSignature software makes it easy to collect and store these kinds of signatures, usually by enabling you to put entry forms in your documents. They also add an extra level of security by ensuring signatures can be verified.
But what about digital signatures? Are the terms interchangeable?
A digital signature is not the same as an electronic signature. It’s an encrypted “packet” associated with a document.
Digital signature software will create a condensed version of a document — called a hash — which will be encrypted using a key in a signatory certificate. This encrypted “hash” is the signature. To validate the signature, the hash is decrypted with the signatory’s key and compared the original document.
Are Electronic Signatures Legally Binding?
In a word, yes.
There are many cases in which judges have ruled in favor of the veracity of eSignatures. Whenever there’s consent and intent, which is almost always the case, eSignatures are legally binding.