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The Importance of Using a Legally Binding eSignature Solution Like Blueink

By BlueInk | 2-13-2023 | Compliance

In today’s fast-paced business environment, electronic signatures (eSignatures) have become a popular way to sign and approve documents. However, not all eSignature solutions are created equal. When it comes to legally binding agreements, it’s crucial to use a trusted and secure eSignature solution like Blueink. In this blog, we’ll explore the importance of using a legally binding eSignature solution like Blueink.

What is a Legally Binding eSignature?

A legally binding eSignature is an electronic signature that is recognized as valid under the law. In order for an eSignature to be legally binding, it must meet certain requirements, such as:

  • The signer must intend to sign the document electronically
  • The signer must have the ability to sign electronically
  • The electronic signature must be associated with the signer’s identity
  • The electronic signature must be capable of being retained and reproduced for later reference

It’s important to note that not all eSignature solutions meet these requirements. Using a non-legally binding eSignature solution can put your business at risk and may not hold up in court.

The Importance of Using a Legally Binding eSignature Solution

Using a legally binding eSignature solution like Blueink offers several benefits for businesses, including:

Compliance with Regulations and Standards

Many industries are subject to regulations and standards that require certain documents to be signed and approved. Using a legally binding eSignature solution like Blueink ensures that your business is compliant with these regulations and standards.

For example, in the healthcare industry, the Health Insurance Portability and Accountability Act (HIPAA) requires certain documents to be signed and approved. Using a legally binding eSignature solution like Blueink ensures that these documents are legally binding and compliant with HIPAA regulations.

Increased Security

A legally binding eSignature solution like Blueink provides a secure and encrypted environment for signing documents. This helps protect sensitive information and ensures that the document has not been altered after it was signed.

Faster Turnaround Time

Using a legally binding eSignature solution like Blueink can speed up the document signing process, leading to faster turnaround times. This is especially important for businesses that need to sign and approve documents quickly, such as in the real estate or finance industries.

Improved Record Keeping

Using a legally binding eSignature solution like Blueink ensures that documents are properly signed and recorded. This helps improve record keeping and provides a clear audit trail for future reference.

Cost Savings

Using a legally binding eSignature solution like Blueink can also lead to cost savings for businesses. By eliminating the need for paper documents, printing, and postage, businesses can save on paper and printing costs, as well as reduce their carbon footprint.

Conclusion

In conclusion, using a legally binding eSignature solution like Blueink is crucial for businesses that need to sign and approve documents. Not only does it ensure compliance with regulations and standards, but it also provides increased security, faster turnaround times, improved record keeping, and cost savings. When it comes to legally binding agreements, it’s important to use a trusted and secure eSignature solution like Blueink.