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Electronic signatures: are we getting there

Electronic signatures: are we getting there 2025

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The article by Rob Sumroy and Brett Sherrard from Slaughter and May discusses the evolution and current state of electronic signatures in relation to e-commerce. It highlights the legal framework supporting electronic signatures, the challenges in their adoption, and the technological methods used to ensure their security and authenticity. Despite existing solutions and legal recognition, the uptake of electronic signatures in Europe remains low due to various factors including user-friendliness, costs, and a lack of standardization. The article also addresses future developments needed to enhance confidence in electronic signatures for cross-border transactions.

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What is the federal law on electronic signatures?

The ESIGN Act: Allows electronically executed agreements to be presented as evidence in court. Prevents denial of legal effect, validity, or enforceability of an electronically signed document solely because it is in electronic form.

What is the future of electronic signatures?

Artificial intelligence and machine learning will revolutionize the future of digital signature. Automatic Signature Verification: AI will automate the signature verification process, reducing error rates and speeding up transactions. Fraud Detection: AI will quickly detect fraudulent signatures.

What are the four requirements for an electronic signature to be valid?

The ETA does not require a specific method to make an electronic signature, as long as the method identifies the signer, and indicates their intention to approve whatever they have communicated. The method used must be connected to an electronic communication.

What is the federal law regarding electronic signatures?

The U.S. Electronic Signatures in Global and National Commerce (ESIGN) Act in 2000 legislated that electronic signatures are legal in every state and U.S. territory where federal law applies.