E-sign agreements: The future of contract signing
Contract signing is an essential part of every business. In the past, it involved printing out a piece of paper, signing it, and mailing it back to the other party. With the advancement of technology, e-sign agreements have become a game-changer in the world of contract signing. This article will discuss e-sign agreements and their benefits in detail.
What is an e-sign agreement?
An e-sign agreement is an electronic contract that allows parties to sign and execute legally binding documents digitally. E-signatures are digitized signatures that are applied to electronic documents. They are just as legally binding as handwritten signatures and are recognized internationally.
Benefits of e-sign agreements
Time-saving: With e-sign agreements, the contract can be signed and executed within minutes, unlike in the past, where it takes days or even weeks. This is beneficial to businesses that require quick execution of contracts.
Cost-effective: E-sign agreements reduce the cost of printing, mailing, and storage of hard copies of contracts. This saves businesses significant amounts of money in the long run.
Convenience: E-sign agreements can be signed from anywhere using a computer or a mobile device. This gives businesses flexibility, allowing them to sign contracts from anywhere in the world.
Security: E-sign agreements provide a high level of security. They are encrypted, making it difficult for anyone to tamper with the document. They also provide an audit trail, making it easy to track the document`s history.
Environmentally friendly: E-sign agreements help businesses reduce their carbon footprint by eliminating the need for paper and ink. This makes them environmentally friendly.
How to create an e-sign agreement
Creating an e-sign agreement is a straightforward process. Here`s how to do it:
1. Choose an e-signature provider: There are many e-signature providers available online; choose one that best suits your needs.
2. Upload the document: Upload the document that needs to be signed.
3. Add signature fields: Add signature fields to the document where the parties need to sign.
4. Send the document: Send the document to the parties that need to sign.
5. Sign the document: Once the parties have received the document, they can sign it digitally.
In conclusion, e-sign agreements are the future of contract signing. They offer businesses numerous benefits, including time-saving, cost-effectiveness, convenience, security, and environmental friendliness. Creating an e-sign agreement is a simple and straightforward process that can be done in minutes. Businesses should embrace e-sign agreements to streamline their contract signing processes.