E-contracts are becoming increasingly common in many industries, and are often used in online transactions, such as online purchases, software licensing agreements, and employment contracts.
To create an e-contract, the parties involved typically use electronic signatures or digital signatures to sign the contract. Electronic signatures can take many forms, including a typed name or an image of a handwritten signature.
Efficiency: E-contracts can be signed and executed quickly and easily, without the need for physical signatures or paper documents.
Cost savings: E-contracts eliminate the need for printing, mailing, and storing paper documents, which can result in significant cost savings.
Security: E-contracts can be encrypted and authenticated using electronic or digital signatures, providing a high level of security and protection against fraud.
Accessibility: E-contracts can be accessed and signed from anywhere with an internet connection, making it easier for parties in different locations to sign and execute contracts.
Digital Signature, Cloud Computing, Blockchain, Encryption, Digital Certificates …