In response to the increasing adoption of technology by legal practitioners, in July of last year the Law Society of England and Wales published a practice note to look at the use of eSignatures for commercial contracts.
DocuSign’s eSignature (electronic signature) solution provides a fast, easy and trusted way to transact digitally in any business department, and across market and industry, and in this blog we look at the benefits implementing DocuSign can bring to customers in the legal sector and businesses with legal departments.
A major benefit of automating the signature process is that it helps to mitigate potential risk of litigation arising from clerical or indeed other types of error. Supporting compliance with industry-leading standards, an e-signature solution incorporates powerful and resilient authentication processing, encryption, tamper-seal certificates, chain of custody, and an audit trail.
Digital sealing protects against tampering, and provides assurance that the e-signature is valid, while multiple level authentication creates greater access security, utilising email, access codes, SMS, phone and geo-location data to verify a signer’s identity.
DocuSign creates a record of all document activity – detailing when the document has been viewed, printed, forwarded, signed or rejected for signing – so that contract management becomes transparent. Signed documents are assigned a certificate admissible in court to verify the validity of the signature, confirming who signed, when and how.
Implementing DocuSign also helps organisations meet legislation requirements, such as Sarbanes-Oxley, and facilitates signing off on board minutes, incorporating a comprehensive audit trail.
eSignature processing enhances efficiency and productivity. For example, pre-configured templates and workflow make it far easier to complete the NDA procedures with prospective job candidates, new employees, suppliers or partners.
Legal firms and departments can also use DocuSign when creating trademarks and trade names, patent applications and intellectual property licences.
Access to signed documents is easy, but secure and audited, facilitating audit compliance and real-time visibility.
DocuSign and Microsoft
The leading global eSignature and digital transaction management (DTM) solution, DocuSign also integrates with Microsoft Dynamics 365 and Office 365 to create a seamless, end-to-end transaction compliance management solution linked to familiar and widely-used office applications.