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Everything You Need to Know About Electronic Signature
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Electronic signatures deliver a way to sign documents in the online world, much like we sign a document with a pen in the offline world. An electronic signature is a symbol or other data in a digital format that is used to identify a person and is applied to an electronic document by that person with an intent to sign. Most often, eSignatures take the form of an image of a physical signature.
An electronic signature can have as much value as the handwritten version and fulfil the same functions: identification of the signatory, validation and certification of the document and non-repudiation.
eSignatures have legal value in most countries around the world. In Australia, the Commonwealth, State and Territory electronic transactions legislation (The Electronic Transactions Acts) confirm that eSignatures can be used and provide for enforceability of eSignatures, subject to certain conditions and a limited set of exceptions.
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