Menu
A Green Sign
  • About
  • Privacy Policy
  • Terms of Use
A Green Sign

An Overview of the E-Signature Process and the COVID-19 Pandemic

Posted on June 9, 2020June 14, 2021 by Bill

During the past few months, the COVID-19 pandemic has fundamentally changed the way most people live their lives and go about their businesses. With numerous non-essential businesses being forced to close their doors and go remote, there are lots of situations where a wet signature is simply a barrier that presents a risk to health and safety that is fundamentally no necessary. This has led to the growth of something called e-signatures, where people essentially sign documents remotely. At the same time, it is important for people to understand how this process works, what this means, and how the growth of e-sign during the COVID-19 pandemic might impact them.

As a rule of thumb, e-sign carries with it the same level of power as signatures that might take place on pen and paper. There are a few laws that govern how the e-sign process is treated. They are called the Uniform Electronic Transactions Act, which is often shortened to UETA, and the Global and National Commerce Act, which is usually shorted to E-SIGN. Many of these have rules that overlap.

In general, the guiding principles of both of these laws are the same. When the parties have a contract that is agreed to via e-sign, the legal effect cannot be denied solely because it is in an electronic format and the contact cannot be denied and deemed unenforceable purely because it was done electronically. This is an overview of how e-sign works, the power it carries, and how it is comparable to signatures that are done via pen and paper. As a result, e-sign has been adopted by both Washington D.C. as well as 48 other states.

This means that e-sign has the same legal standing as physical signatures. Now, there are also certain exceptions that can be applied to e-sign. For example, e-sign cannot be used to cover domestic law documents or probate documents. Furthermore, e-sign usually does not apply to foreclosure proceedings in the world of real estate and other documents that might be covered under the domain of the Uniform Commercial Code, which is shortened to UCC. Furthermore, e-sign address signatures on contracts usually do not address corporate documents, such as board consents. The laws regarding this matter vary from state to state, so it is important for people to know how these statutes work.

Clearly, e-sign has grown in popularity during the pandemic. With remote work being the new normal, it is important for everyone to get familiar with e-sign. The COVID-19 pandemic has changed the way most people live their lives and those with questions or concerns should reach out to a trained legal professional.

Resources

Recent Posts

  • Healthy Ways to Handle Frustration
  • How to Do Simple Business Invoicing and Inventory? Everything You Need to Know
  • Frequently Asked Business Questions
  • 6 Ways to Keep Your Kids Safe When Playing Outside in the Sun
  • 6 Hacks for Packing Up Your Clothes for a Move to a New State

Archives

  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • December 2019

Categories

  • Business
  • Entrepreneurship
  • Finance
  • Lifestyle
  • Travel
©2022 A Green Sign | Powered by WordPress & Superb Themes