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What is an Electronic Signature - Leigh Barker Tangible Assets

An electronic signature is simply a signature used on an electronic document or transmission comprising either a symbol or other data in a digital format attached to an electronically transmitted document.

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What is an Electronic Signature - Leigh Barker Tangible Assets

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  1. What is an Electronic Signature LEIGH BARKER TANGIBLE ASSETS

  2. As technology has advanced so has the method in which documents are executedthrough the use of electronic signatures.  An electronic signature is simply a signature used on an electronic documentor transmission comprising either a symbol or other data in a digital formatattached to an electronically transmitted document. Thus, an electronic signature is a person's electronic agreement to the terms of a document and are recognised at law both internationally and in Australia as having the same effect as hand written signatures.

  3. The aim of the electronic signatures is to create an accurate and secure method to identify the signatory. As such electronic signatures are subject to increasing levels of security to prove the validity of the signatory such as: • A private key to create the electronic signature • A capability to determine if the data has been altered or amended after the message was signed • A unique identifier linked to the signatory • The ability to invalidate the signature is data has been changed

  4. While the system may vary amongst those who offer the ability to execute documents with an electronic signature the general concept is the same whereby a document is uploaded to an on-line service and tagged where signatures are required. The uploaded document is then sent electronically for execution which can occur through a few clicks, or the use of standard fonts or through scribble using a mouse or electronic pen. When finished, the executed document is returned.

  5. LEIGH BARKER TANGIBLE ASSETS Please note: Prepared by Leigh Barker Tangible Assets, Accountant, PortfolioFinance, Gordon, West Pennant Hills and MWC Group. Note that all content of this blog is general in nature and anyone intending to apply the information to practical circumstances should seek professional advice to independently verify their interpretation and the information’s applicability to their particular circumstance.

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