Question

How are final contracts signed in modern business?

(a) e-Signatures

(b) Document scanning

(c) Thump impression

(d) Shaking hands

I got this question by my college professor while I was bunking the class.

This is a very interesting question from Contract System topic in chapter P.W.D of Civil Engineering Drawing

Answer 1

Right choice is (a) e-Signatures

To explain: Electronic signatures, or e-Signatures, have become crucial for businesses as they seek to increase the speed of time-to-signature, e-Signatures are legally binding and have the same legal status as a written signature, as long as it fulfills the requirements of the regulation it was created under.

A contract management platform should include the ability to integrate with an e-Signature software, or include e-Signatures as part of the platform.