Signatures are modern handshakes. They signify mutual agreement and make them legally valid. However, collecting such signatures is often a difficult and time-consuming task with waiting-periods which creates doubts, new revisions and documents that have to be sent back and forth. In this way, a small practical issue often ends up as one of the biggest obstacles towards the done deal.
To avoid such an unnecessary problem, industry leaders gave added electronic signatures to their box of digital tools. They are a great way to save time on your contractual work, shorten the time-to-signature, increase the close-rate and spare the environment. Nowadays, digital signatures hold the same legal status as physical signatures with paper and ink.
The advantage of a digital signature is that a signatory can sign a document quickly and easily. You are then able to avoid the convoluted routine of printing and scanning documents. Instead, you can use Adobe, National Identities or private sector products such as Contractbook’s digital signature that employs a two-step authentication process through email and mobile. With such a smooth process, all parties an average of 30 minutes of practical work each, it reduces the signature by up to 90 % and increases overall the closing-rate by 17 %.
Furthermore, it takes one tree to produce 8000 pieces of A4 paper. That is roughly speaking 400 data processor agreements.
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Contract drafters or contract generators are becoming more and more common. Drafters are digital and client-centric tools for that provides law firms all over the world with a scalable and semi-automated solution that generates profit outside normal office hours.
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Contractbook is efficient contract management for modern businesses. You can create, sign and store all your legal documents in one safe space.
Kontrakter er fundamentet for din forretning.
Få styr på dem med Contractbook. Udform, underskriv og opbevar alle dine juridiske dokumenter ét, sikkert sted.