5 Reasons to Use Electronic Signatures for Contract Management in 2018

Most companies likely conduct a majority of their affairs in a virtual manner, with less and less reliance on the need for physical copies of forms and documents. Although some industries or firms may still prefer an inked signature on the final version of an important contract, there is really no reason to mandate this outdated practice anymore. With the right cloud-based contract management solution, it can be faster, cheaper, and safer to manage a company’s contract portfolio. And, this is not restricted to just drafting or saving a batch of contracts but includes the signature phase of the contracting lifecycle as well. Here are five reasons to use electronic signatures for contract management:

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4 Legal Technology Trends to Watch in 2018

These days, virtually every single industry is utilizing technology to maximize efficiency and productivity, and the legal market is no exception. There are individualized and packaged software solutions and cloud-based applications that address a myriad of business issues, including the specialized needs of small, medium, and large law firms as well as in-house counsel teams.  Of course, the legal industry faces unique challenges when it comes to incorporating technology into its practices in light of the importance of confidentiality. Regardless, legal technology is a flourishing market, so here are some aspects to pay attention to this year:

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7 Industries That Could Benefit from eSignature Technology

Companies in every industry look for ways to save costs, improve workflow processes, and reduce waste. Using esignatures is an economical and secure alternative to traditional contract signatures. Read on to discover a few of the industries that can benefit from using this signature option.

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The Future of Electronic Signatures: Is Handwritten Identification Dead?

You likely already know that electronic signatures are legally recognized as equivalent to their pen-and-paper predecessors. Thanks to the UETA and ESIGN Act, contracts signed over a computer are binding. But “it’s legal” is admittedly a low bar to clear. Taking a broader look at how electronic signatures impact modern business relationships is a better indicator of the bright future of e-signatures, and where the “old-fashioned” route might still be best.

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Why Use E-Signatures?

The Electronic Signatures in Global and National Commerce Act (E-Sign Act) was signed into law in 2000. The E-Sign Act ensures that electronic signatures are as legally binding as the traditional, pen-and-paper version. But is it the right alternative for your organization’s contracts? In most cases, yes! Opting for e-signatures can have multiple positive effects on how an organization processes contracts.

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