Legal
- Electronic signatures are as legally binding as "Pen-and-ink" signatures according to 2000 U.S. Electronic Signatures in Global and National Commerce Act (ESIGN) , Uniform Electronic Transactions Act (UETA) and European Directive (EC/1999/93)
- Hundreds of thousands of esignatures are used by large, medium and small businesses. For example,leading realty firm Remax in USA uses esignatures to reduce document turnaround time from 10 days to less than one hour for their home buyers and sellers while Expedia, a leading online travel firm in USA, uses esignatures for their market development managers to sign contracts with their hotel partners all around the world before they offer consumer deals on the website.
- eSignatures are about the message and the intent to sign with authentication and audit trail of the activity. not the medium or how it is implemented.
It is legal in almost all countries. Please check the laws and requirements in your country before using TouchSigned.
United States
The 2000 ESIGN Act explicitly made online signatures on commercial transactions and other agreements legally equivalent to a written signature.
European Union
The 1999/93/EC Directive on Electronic Signatures and the Electronic Commerce Directive established a common and technology neutral framework for electronic signatures.
Canada
The 1999 Uniform Electronic Commerce Act and the Personal Information Protection Act.
India
The 2004 India's Information Technology Act.
China
The 2004 Law of the People's Republic of China on Electronic Signatures.