Today, with the advancement of technology, more and more businesses are conducting their business electronically. Contracts are being written up and signed electronically. The advancement in technology demands advancement in the law, and so this new EU regulation that was brought into force on the 1st July 2016 increases the viability of e-signatures.
– Simple E-Signatures
These are data in electronic form which are attached to or logically associated with other electronic data and are used for signing purposes, such as typed signatures.
– Advanced E-Signatures
These are electronic signatures which are uniquely linked to the signatory. They are capable of identifying the signatory and are designed using signature creation data that the signatory can, with a high level of confidence, use under his/her sole control.
– Qualified E-Signatures
These are electronic signatures created by a ‘qualified electronic creation device’ and are based on a ‘qualified certificate’ for e-signatures.