NEWSWIRE – July 25, 2016
DATELINE – London
The Law Society of England and Wales have clarified the legal position and have endorsed the use of electronic signatures.
As of the 1st of July 2016 the European-wide Regulation on electronic identification and trust services for electronic transactions in the internal market (otherwise known as eIDAS Regulation) establishes “that a qualified electronic signature shall have the equivalent legal effect of a handwritten signature.” This opens the door for electronic signatures to be used in many new ways and has the potential to make transactions run more smoothly. It will also save both local and remote buyers a lot of time engaging with your business without having to wait on documentation being sent or received. It should increase the speed of client dealings and help improve the overall experience.
The full position can be read here.