There are plenty of misconceptions out there about eSignatures. They’re not enforceable. Systems are hard to implement and maintain. They aren’t cost effective. It’s time to set things straight about eSignatures.
Let’s play fact or fiction.
Electronic Signatures must have squiggly lines to be legit: FICTION
There are actually lots of things that count as an eSignature–not just squiggly lines! Clicking boxes that say “I agree” or even checking a box is just as good as that traditional, squiggly signature we are all used to. When executing online contracts and agreements, as long as users are notified and prompted to provide their permission as such before moving forward, their online consent is good as gold–even without a squiggly line.
If you need squiggly line to make you feel better, you can use one! That’s why we provide that option on eSignatures.com. Just know that it’s not necessary, if you’re not feeling like putting your penmanship skills to the test on your trackpad.
Click-to-sign eSignatures are just as legal as any other signature: FACT
“[S]ignif[ying] agreement[s] by clicking on a box on the screen” is “common in Internet commerce.” Treiber & Straub, Inc. v. UPS, 474 F.3d 379, 382 (7th Cir. 2007).
If you ever have a reason to defend someone’s acceptance of any contract in court, an eSignature is just as legit as any other signature. The only catch is that you must track when and where the contract was signed as well as who accepted it. You’d have to validate any other signature anyways, so eSignatures are great because they automate that recordkeeping for you!
Implementing an Electronic Signature platform is a process and requires a lot of upkeep: FICTION
Implementing an eSignature platform should accelerate your business. If it does anything but that, you should be asking yourself if it is worth your time. For example, gathering signatures via PactSafe’s signature acceleration platform is as easy as sending an e-mail; select contract, select recipient, send! Online signature platforms should be simple, providing legal teams with docs at their fingertips, and sales teams with the tool to send contracts and acquire signatures easily. If this isn’t the result of your company using an electronic signing platform, consider switching providers. Setting up and manipulating your signature platform should be as easy as using Google Docs.
Electronic Signing is the future: FACT
According to IDC research, mobile technology is taking over and 80% of the full-time workforce leverage a smartphone with mobile technology during work and especially after hours. Learn more about the report here. 70% of enterprises will have an e-signature initiative by 2017. This improved way of accepting signatures isn’t a fad…our world is going mobile and it’s imperative that companies can do business from anywhere. eSignatures allow contracts to be signed in seconds with a click or tap. So yes, e-signing is definitely the future. Bulk up!