Talk:Electronic execution
Method | Legally Effective? | Validation | Audit trail | Certainty of terms | Fraud/forgery risk | Speed | Hassle | Cost | Overall |
---|---|---|---|---|---|---|---|---|---|
Wet signatures in person | Yes. | Duly executed authorised signatories list | Yes, if you get an authorised signatories list. | Good | Low. Requires an imposter. | A palaver. | Lots. everyone has to flog from miles around to a central place. Very pre-COVID and not ESG-friendly these days. But hey: Closing Dinner! | Potentially lot. Especially in terms of time. | Rubbish. Life is far too fast, and short, for this carry-on. |
Wet signatures remotely | Yes for most commercial contracts.[1] | Duly executed authorised signatories list | Yes, if you get an authorised signatories list. | Good. | Significant. Easy to cut and paste a tiff. JC has seen it done. | Some faffing around organising signature pages. | All very internety. | Pretty good. | Better tan. Life is far too fast, and short, for this carry-on. |
Fully Digital execution | Example | Example | Example | Example | Example | Example | Example |
- ↑ Careful with deeds and security arrangements (which are usually executed by deed).