Incorporated into all but a handful of states, the UETA creates a uniform set of rules governing the use and enforceability of electronic records and
electronic signatures.
Electronic Signature will save investors from seeking complicated tools, as they will only be dealing with securities market, banks and the banking system."
The issue is discussed with a view to see the extent to which the
Electronic Signature Regulations 2002 recognise the acceptability of
electronic signatures.
The digital signature is the only form of
electronic signature which satisfies all three of the UNCITRAL evaluation factors, i.e., that an
electronic signature should: (1) authorize; (2) approve; and (3) protect against fraud.
Himonas said
electronic signatures will be used to identify an individual or to certify that an electronic document has been transferred successfully in its authentic form and has not been altered, whether it relates to public procurement, a private contract or a tax return documents.
The key element in any system of
electronic signature is creating a legally meaningful audit trail of every step of the signature process and associating that audit trail with particular electronic document content, RPost said.
The contracts concluded by electronic means [9] produce all the effects which the law recognizes for contracts concluded in the classical manner, but the law institutes the obligation of their proof also from the perspective of the legal dispositions regarding the
electronic signature. The European law and the characteristics of the European legal order constitute an essential trump card for European citizens and agents who may fully take advantage, without taking into account the frontiers, of the possibilities offered by the electronic trade.
9 -- DocuSign,
electronic signature provider, has released of the DocuSign Connect Application Programming Interface (API) for the DocuSign
electronic signature platform.
Before we go further, it is important to understand the term "
electronic signature."
Electronic signature is sometimes confused with the term "digital signature" and it is important to understand the difference.