E-Sign is Not Enough: Reduce Legal and Compliance Risk – White Paper
eSignLive has published a white paper that’s designed to help secure the enforceability of electronically signed contracts and agreements.
“Today, businesses of all sizes are moving their customer transactions to the web. As the adoption of electronic signature technology grows, so does the number of e-signature solutions in the market,” the company says on its website. “Because these solutions are all ‘ESIGN/UETA compliant,’ you may think they will all provide the same level of enforceability in the event of a dispute. This is false.”
“Using an electronic process to capture a customer’s signature provides stronger evidence than is possible with paper and more importantly, has been proven to reduce the risk of legal disputes. But what exactly is “electronic evidence”? What are the best practices for capturing and archiving all the digital fingerprints that customers leave when they transact with you online? How can this evidence help enforce e-contracts? And how can you use it to avoid going to court altogether?”
The white paper, which can be downloaded, presents the recommendations of three legal experts: Pat Hatfield and Greg Casamento, partners at Locke Lord LLP, and Frank Zacherl, litigator and partner at Shutts & Bowen LLP.
