The question anyone has before they commit to a Digital Signing service is if it legal and to what extent.
The Singapore Electronic Transaction Act (ETA) provides a legal foundation for electronic signatures and to give predictability and certainty to contracts formed electronically. The ETA was first enacted in July 1988 and in July 2010, it was repealed and re-enacted.
It follows closely to the UN Convention which is an update to the UNCITRAL Model Law on Electronic Commerce to better fit the current Internet environment.
The ETA addresses these issues:
The ESIGN is a United States federal law which was enacted in 30 June 2000. It is to facilitate the use of electronic records and electronic signatures in interstate and foreign commerce by ensuring the validity and legal effect of contracts entered into electronically.
Sec 106 of the ESIGN Act defines:
The general intent:
eIDAS is an EU regulation on electronic identification and trust services for electronic transactions in the European Single Market. It was established in EU Regulation 910/2014 of 23 July 2014 on electronic identification and repeals directive 1999/93/EC from 13 December 1999.
All organizations delivering public digital services in an EU member state must recognize electronic identification from all EU member states from September 29, 2018. oversees electronic identification and trust services for electronic transactions in the European Union’s internal market. It regulates electronic signatures, electronic transactions, involved bodies, and their embedding processes to provide a safe way for users to conduct business online like electronic funds transfer or transactions with public services.
eIDAS has created standards for which electronic signatures, qualified digital certificates, electronic seals, timestamps, and other proof for authentication mechanisms enable electronic transactions, with the same legal standing as transactions that are performed on paper.
Have any more questions that need to be addressed? Feel free to drop us a message by clocking the button below so that we can answer them for you!