Sign wherever and whenever you want with total security.
Thanks to Bounsel’s advanced electronic signature, you can sign remotely, quickly and securely. Here we take a look at how the signature process has progressed over time and the benefits that e-signatures will bring to you in Bounsel.
Signing contracts by hand
The parties are physically present to sign the contracts and sometimes the notary must be present to attest the veracity of the signatures.
Pros:
- There is no need to use the Internet.
Cons:
- It does not allow you to sign online from anywhere.
The process often requires the parties to be present for the signature, which increases the costs of the process.
Signature in Microsoft Word
Microsoft Word allows the generation of an electronic signature, but it is not very legally secure as it is a simple signature consisting of a scribble. This type of electronic signature is valid but does not uniquely link the signature to the signatory.
Pros:
- You can make a simple electronic signature.
Cons:
- It does not provide sufficient legal certainty and may be invalidated.
- The parties cannot sign at the same time on the document.
- Requires other online signature tools for further legal protection.
Signing of Contracts in Bounsel
Bounsel allows you to create an advanced electronic signature on contracts. It is a convenient and secure way to obtain a signed document in a matter of seconds.
In addition, after signing, an electronic time stamp is affixed, allowing the time and date of creation to be displayed. All of this, using any device, both mobile and computer, at a time that suits the signatories.
As an advanced electronic signature, it is much more secure than a simple electronic signature because: it uniquely binds the signatory; it allows the signatory to be identified; it is created in a way that allows the signatory to retain control; and any subsequent changes to the signature data are detectable. All this is recorded in a document that certifies the veracity and legality of the signature, called Audit Trail.
Pros:
- It complies with all the guarantees of the advanced electronic signature, being a secure and legally valid signature.
- Create an electronic time stamp to know the date and time of the signature.
- The document cannot be modified after the signature of the parties.
- The parties can sign the document online.
- Reduces the likelihood of signature forgery.
- You can sign with any device anywhere.
Cons:
- It does not have the same guarantees as a qualified electronic signature.
In short, Bounsel allows not only to create contracts remotely and automate them, but also to present a secure electronic signature, perfect for closing agreements.
If you want to know all the advantages our platform has to offer, try it now for free! And don’t miss the last article in the series on “Traditional contracts vs. Bounsel contracts”, where we focus on contract management.
Did you miss the previous articles? Here they are 👇
