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Oct 12, 2018
| Member since | Mar 24, 2020 |
Louis Lehot, L2 Counsel, P.C. Electronic signatures provide an easy and efficient way for businesses to sign documents, particularly in the age of globalization where signing parties may be scattered around the globe. Here are five questions to better understand electronic signatures. 1. What is an electronic signature? Electronic signatures are defined in the federal E-Sign Act. This act defines electronic signatures as an “electronic sound, symbol, or process attached to or logically associated with a contract or other record and executed or adopted by a person with the intent to sign the record.” The E-Sign Act ensures that a document remains enforceable and legally binding, even though it is in electronic form. 2. When can electronic signatures be used? Electronic signatures can be used on the majority of documents a business will require signatures for. Any documents related to commercial, stock option, or purchase agreements, as well as investment documents or leases ... Continue reading →
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