I have never used an electronic signature program before-are they binding? How does the company that sent it to me know that it's me?
DocuSign enables valid and enforceable
electronic signatures, compliant with ESIGN and state electronic
signature laws. In cases where a signer tries to repudiate a contract
based on a claim that his signature was forged, it becomes a matter of
proof, just as it would in the case of a wet signature on a paper
Proof of identity is accomplished at various levels in either world. In
the case of a live signing, it can range from merely trusting the
signer by taking his word, to requiring 2 pieces of photo ID, to
requiring a notary public to witness the signature. It all depends on
the risk threshold of the one relying on the signature. In the
electronic world, various authentication measures are available.
DocuSign offers several, including email address confirmation, IP
Address ID, “shared secret” (DocuSign’s Access Code) and knowledge-based
authentication (DocuSign’s ID Check). Electronic authentication
measures are a matter of preference, as they are for paper-based
Remember, a certain percentage of contracts are going to be repudiated,
whether they are on paper or signed electronically. The risks
associated with such repudiation (frequency, amount at stake, etc. based
on your industry experience) will ultimately determine the level of
authentication you deem appropriate for the transaction. As a DocuSign
customer you have the ability to apply different authentication measures
on a transaction-by-transaction basis.