Signatures make legal documents valid and functional. Without the signatures, the legal documents and contracts will be invalid as they require the signature from an authority to become valid and usable in getting into transactions and dealings.
Earlier, the signatures were supposed to be made on hard copies and it was impossible to sign a legal document or contract remotely without being physically present to do so. Since the invention of the internet, signing documents has been made possible from anywhere at any time.
In the modern business world, legal documents like contracts are created, reviewed, signed and even renewed and stored using digital and automation tools. The e-signature tools and software are not something new as we have seen these tools and methods being used in the mainstream business world for a very long time now. We use a digital signature in countless ways without even realising it. The thumbprint to unlock our smartphones and various other such instances are everyday examples of using digital signatures. But a lot of people are still skeptical about using digital signatures or are using them reluctantly.
Some individuals, businesses and professionals believe that e-signatures are not legally binding or valid. Such individuals are still reluctant to use e-signatures and prefer to get hard copies signed rather than using their more convenient and effective counterparts like e-signature tools and software. But is it really true? Are e-signatures valid and legally binding?
The simple answer is yes, e-signatures are valid and can be used in legally binding contracts for verification and authorisation. E-signature were made legal and valid in the USA many years ago and even in India, the various e-signature software and tools work effectively and legally. E-signatures were made legal in India in the years 2000 under the Information technology act. E-signature not only eases the process of signing bulks of documents but, they provide several different advantages to the users. Here are some of the benefits of using e-signatures for businesses and professionals.
Accessibility
The legal documents signed digitally using e-signature tools and software are accessible from a single network or system. Users can easily access such documents and sign them with ease using various software and tools.
Storage
The digital legal documents, contract management systems and e-signature features provide the users with unified storage space on the cloud servers. The documents with e-signatures can be saved on these digital platforms using cloud servers and do not take up any physical space in our offices or homes.
No forgery
One of the most advantageous things about e-signatures is that they can’t be forged unlike hard copies of signatures. Once the signature has been made, nobody can change or alter the signature and create fraudulent documents or contracts.
Digital signatures or e-signatures in India are legal and valid. They can be used for signing all kinds of legal documentation and contracts.
Users can get contract management, e-signature and e-stamping services at Doqfy and use thousands of legal document templates provided by Doqfy on a single online platform. The e-signature service of Doqfy is legally valid & used by 100s of businesses in India.