What is an E-Signature?
An e-signature is a digital mark made using a computer stylus, or by the use of a “key” or algorithm (basically a complicated password), to legally execute contracts and other documents.
With a REDtablet, you use a stylus (pen) to capture signatures – you actually write on the screen of the tablet PC. This kind of e-signature is often referred to by experts as a “biometric” signature.
Capturing an electronic signature on the RED Tablet is just like capturing a handwritten signature on paper.
There are several advantages to the biometric method:
- Mimics pen and paper experience
- Greater level of consumer comfort
- Repudiation not an issue
- Security
- A party to whom you send a document signed on a REDtablet does not need their own tablet in order to accept the signed document
Plus, you don’t need to have an Internet connection to sign documents on the REDtablet. Just sit down with your customers in the living room and have them sign the REDtablet just as you would sign a piece of paper, without having to rely on Web access.
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Legality
In 2000, the federal government enacted the Electronic Signatures in the Global and National Commerce Act (commonly referred to as the "E-Sign Act"). The E-Sign Act created a universal standard for contracts, signatures and records created by electronic means. The most important aspect of the E-Sign Act is that "a signature, contract, or other record relating to such transaction may not be denied legal effect, validity, or enforceability solely because it is in electronic format. In other words, electronic signatures and contracts are legally enforceable.