Yes! E-signatures are legally binding thanks to global legislation.
The United States outlines the basic requirement for an electronic signature to be considered legal under the “Electronic Signatures in Global and National Commerce” (ESIGN) Act, and the ”Uniform Electronic Transaction Act (UETA).
In 2000, the United States passed the Electronic Signatures in Global and National Commerce Act (ESIGN), which gives e-signature the same legal status as traditional wet ink signatures. Read more about it here.
In 2016 Europe replaced its Directive for Global Signature (1999) with the electronic Identification, Authentication and trust Services regulation (eIDAS). EIDAS sets the regulations for e-signature and other electronic transactions and recognizes them as a legal alternative to the traditional wet ink signature. Read more about it here.
Under these Acts, all parties must express clear consent to do
business electronically. This is only satisfied when:
SignOnTheGo requires each partner to agree to a Consumer Consent to Do Business Electronically Agreement for every transaction. (See example of the UETA Consumer Consent Disclosure)
Under these Acts, an electronic signature is “an electronic sound, symbol
or process attached to or logically associated with a record and executed or adopted by a person.” Which
means the method used to capture the signature must also be able to attribute the signature to the individual.
All Parties to a transaction must be able to retain and reproduce a record of the electronic signature.