eli5: why do we still rely on hand signatures to validate contracts?

480 views

aren’t by now easy to fake? (e.g hand-writing robots)

Plus we often do digital signatures, which are basically a jpg on top of a PDF document, no?

In: 132

48 Answers

Anonymous 0 Comments

The signature isn’t meant as a from of positive identification in most cases. In theory any contract with meaning should signed in person with both parties of the contract present. You could sign the contract with a big red x if you wanted. In fact for much of history the illiterate did sign a contract with an “x”. It was called making your mark. All that mark is saying is that “this person present right now understands the contract and enters into it willingly”

if the identity of each party is important the signing will be done in the presence of a certified notary that will positively identify the signatories, witness the signing, and stamp the original document with their name, date, and time. Secure digital signatures will also imprint part of a encrypted key into the signature that will uniquely identify the computer at which it was signed. Again if the identity of the signatories is important there are online Business that will do the function of the notary and confirm the identity of each party and certify that the signature supplies is from x person.

You are viewing 1 out of 48 answers, click here to view all answers.