There are 4 different types of signatures the business world, and often the definitions can be mixed up or blurred.
Let’s take a moment to clarify:
1. The Wet Signature: Is any physical mark on documents created by a person. In most cases it’s writing your name in cursive on a piece of paper, document or contract, often with initials on each page indicating the extent of what is being signed.
2. Click Wrap Signatures: Is used for mostly online purchases, where a simple tick in a box is an acceptance of the terms and conditions contained; referred to somewhere on the website. A user is required to click the box before the services can be consumed.
3. The Electronic Signature (E-Signature): Is a digital version of a wet signature, where many countries have defined the legality and description of uses for e-signatures. These are the most common form of signatures used by organisations globally.
4. The Digital Signature: Is an authentication mechanism that enables a code to be attached as a signature. It is required for certain specific agreements, and issued through a certification agency.
There are obvious benefits to both the electronic signature and digital signatures, for more information about these benefits, click here.
Contact the Realyst Team to book an online demo here.