What is an Electronic Signature - Leigh Barker Tangible Assets

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What is an Electronic Signature
LEIGH BARKER TANGIBLE ASSETS
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• As technology has advanced so has the method in
  which documents are executedthrough the use of
  electronic signatures. 
• An electronic signature is simply a signature
  used on an electronic documentor transmission
  comprising either a symbol or other data in a
  digital formatattached to an electronically
  transmitted document.
• Thus, an electronic signature is a person's
  electronic agreement to the terms of a document
  and are recognised at law both internationally
  and in Australia as having the same effect as
  hand written signatures.

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• The aim of the electronic signatures is to create
  an accurate and secure method to identify the
  signatory. As such electronic signatures are
  subject to increasing levels of security to prove
  the validity of the signatory such as
• A private key to create the electronic signature
• A capability to determine if the data has been
  altered or amended after the message was signed
• A unique identifier linked to the signatory
• The ability to invalidate the signature is data
  has been changed

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• While the system may vary amongst those who offer
  the ability to execute documents with an
  electronic signature the general concept is the
  same whereby a document is uploaded to an on-line
  service and tagged where signatures are required.
  
• The uploaded document is then sent electronically
  for execution which can occur through a few
  clicks, or the use of standard fonts or through
  scribble using a mouse or electronic pen.
• When finished, the executed document is returned.

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LEIGH BARKER TANGIBLE ASSETS

• Please note Prepared by Leigh Barker Tangible
  Assets, Accountant, PortfolioFinance, Gordon,
  West Pennant Hills and MWC Group.
• Note that all content of this blog is general in
  nature and anyone intending to apply the
  information to practical circumstances should
  seek professional advice to independently verify
  their interpretation and the informations
  applicability to their particular circumstance.