Unlock Electronic Signature Legitimacy for Client Information for Real Estate in European Union

How to eSign a document: electronic signature legitimacy for Client Information for Real Estate in European Union

hello and welcome to this lecture on eSignatures in real estate we're going to look first of all at the background and resources that you can look at for further information then we'll look at what is an eSignature then when can you use this one then we'll look at mercury signatures which isn't anything like as complicated as it might sound and then we'll look at eSignature platforms which is even more complicated than it sounds then we look at some other unusual ideas like how you deal with companies executing documents and then we'll look at some useful guidance that's been issued by the association of property support lawyers and then walk through the and witnessing platform so eSignatures are very very popular at the moment and i think it's being driven partly by the it industry as they see it as another way of selling a product into the legal system and partly because everyone assumes oh surely it must be easier if we use an eSignature but the reality is that wet ink signatures are not going to die anytime soon because the levels of complexity that could be caused by using these signatures are not to be underestimated then we have the convincing certified b signatures and the use of signature platforms now it may be that you want to use a eSignature platform um it could be because that's what your client does maybe you repeat business or it could be that there are other reasons why this is going to be used so you will need to use an operating system that manages the electronic signing process including the creation of the electronic signatures and i said before land registry um will use anything within their when they're within their list they don't prescribe they don't have an approved list sorry they just want you basically there's a conveyancer to be certifying them so use sign is probably the front run that everybody's using some of you may or may not have had a look at the platform and you can click on the link on page 16 of my notes and that'll take you through to their weight web page now this original package without witnessing costs 400 pounds a year per user for up to five users if you're a small firm you may be able to do that however if you're a more than five users that goes into their special negotiation direct so that is going to be an additional overhead for the firm that they're going to have to swallow so we're talking about probably at least a thousand pounds a year for probably double or treble that for a firmware solicitor to use the platform and that's the basic signature just for a contract that doesn't involve witnessing