Wake County Bar Association Virtual Memorial Session of Court We’re honored that the Wake County…
In today’s age, contracts and other legal documents are commonly circulated through electronic devices. This has led to the increased use of electronic signatures (commonly referred to as e-signatures) to sign these documents. Understanding the value of e-signatures, as well as the potential pitfalls of using an e-signature, are vital to ensuring security and authenticity of documents.
The rise of e-signatures has been an important development over the years. Having the ability to sign contracts and other legal documents through an electronic device increases efficiency and operates as a time-saving device. Moreover, e-signatures are helpful when dealing with parties that are unable to easily commute and sign the documents in person.
E-signatures can pose potential problems in terms of validity and authenticity. The major problem concerns authenticity due to the risk of forgery. When a signature is not executed with pen and paper in person, it can open the door for a forged signature to be used. Safeguards should be implemented in order to guarantee authenticity, including but not limited to, a password that protects the document. One good practice is to communicate this password only through face-to-face interaction, as this will lessen the risk that the password can be intercepted.
The attorneys at Hannah Sheridan & Cochran, LLP are available to discuss this important issue with you.