Definition
An electronic signature is a digital version of your signature that you can use to validate and authenticate electronic transactions or documents. It is a legally binding and secure way to give permission and show consent without signing on a piece of paper.
Electronic signatures can speed up online transactions and ensure that the documents you sign are genuine and trustworthy.
Electronic Signature Applications
- Legal documents: Legal documents (like waivers, affidavits, and consent forms) can be signed electronically, ensuring their authenticity and enforceability.
- Business contracts: Electronic signatures can be used to sign and validate business agreements, contracts, and proposals.
- Human resources: Employee induction paperwork (like employment contracts and non-disclosure agreements) can be signed electronically.
- Financial transactions: Banking and financial sectors use electronic signatures for mortgage applications, loan agreements, and payment authorizations.
- Government and public administration: Electronic signatures are used in various government and administrative processes, such as tax filings and permit forms.
- Healthcare: The healthcare industry uses electronic signatures for medical records, patient consent forms, and telemedicine-related documentation.
Common Electronic Signature Platforms
- Adobe Sign
- SignNow
- HelloSign
- PandaDoc
- DocuSign