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Showing posts from December, 2017

E-Signatures

In our fast-moving digital world, electronic signatures (“e-signatures”) have become a convenient, expeditious and cost-efficient tool that can provide a tremendous competitive advantage for smart entrepreneurs!
The e-signature approach serves to accelerate the signing of key business documents such as sales contracts, commercial transactions and funding agreements, to name a few.  It can also be used for real estate transactions such as agreements of purchase and sale that create or transfer an interest in land - provided that the technology used has been proven as secure and effective.


E-Signatures - Part 1

In our fast-moving digital world, electronic signatures (“e-signatures”) have become a convenient, expeditious and cost-efficient tool that can provide a tremendous competitive advantage for smart entrepreneurs!
The e-signature approach serves to accelerate the signing of key business documents such as sales contracts, commercial transactions and funding agreements, to name a few.  It can also be used for real estate transactions such as agreements of purchase and sale that create or transfer an interest in land - provided that the technology used has been proven as secure and effective.
E-signatures are legally binding
Canada’s Personal Information Protection and Electronic Documents Act (“PIPEDA”) defines an E-signature as “one or more letters, characters, numbers or other symbols in digital form incorporated in, attached to or associated with an electronic document”. Based on this definition, electronic signatures do not have to look like handwritten signatures, but they can. As an ex…

E-Signatures - Part 2

In our fast-moving digital world, electronic signatures (“e-signatures”) have become a convenient, expeditious and cost-efficient tool that can provide a tremendous competitive advantage for smart entrepreneurs!
The e-signature approach serves to accelerate the signing of key business documents such as sales contracts, commercial transactions and funding agreements, to name a few.  It can also be used for real estate transactions such as agreements of purchase and sale that create or transfer an interest in land - provided that the technology used has been proven as secure and effective.
Users’ consent and authorization are still required

Explicit consent and authorization will facilitate the gathering of evidence, confirm the intention of both parties to create a legal obligation and provide some protection against potential fraud and misrepresentation.
The Act does not require that a person automatically accepts the use of e-signatures; prior consent to use any method of e-signature or …

E-Signatures - Part 3

In our fast-moving digital world, electronic signatures (“e-signatures”) have become a convenient, expeditious and cost-efficient tool that can provide a tremendous competitive advantage for smart entrepreneurs!

The e-signature approach serves to accelerate the signing of key business documents such as sales contracts, commercial transactions and funding agreements, to name a few.  It can also be used for real estate transactions such as agreements of purchase and sale that create or transfer an interest in land - provided that the technology used has been proven as secure and effective.
Certain exceptions, key protections and trade-offs when using e-signatures
Certain legal documents are specifically excluded in the Act and continue to require a handwritten signature, including wills and codicils; trusts created by wills or codicils; powers of attorney with respect to an individual’s financial affairs or personal care; and negotiable instruments such as promissory notes.  It is also goo…