3/17/2023 0 Comments Wet signatureName seals used to be a popular form of a wet signature. Wet signatures weren’t limited to putting pen to paper, though that’s the first image that comes to most people’s minds. What Led to the Shift Away From Wet Signatures? An electronic signature represents a signee’s agreement with the terms of a contract or other agreement, while a digital signature confirms the authenticity of a document. It may be easier to think of a digital signature like a fingerprint embedded inside a document. The program adds a digital signature to keep the file from being viewed by anyone other than the authorized recipient’s technology. You may see an option to add a digital signature once you’ve made your final edits. An example of this is if you use an eSignature platform to send a document. For example, Microsoft Outlook places digital signatures on any emails sent from its server.ĭigital signatures are created through a complicated mathematical process by a computer. It includes placing an encryption key that can only be decrypted by an authorized server. The term “digital signature” refers to the process of ensuring the validity of the document being digitally transmitted. How Do Wet Signatures Differ From Digital Signatures?ĭon’t make the mistake of thinking of electronic signatures and digital signatures as the same thing. Many people also use their touch mobile devices to create a handwritten electronic signature. Typing out your name in an electronically signed document or form.Scanning and sending a document containing your handwritten signature.Using a PIN to conduct transactions at an ATM.Other forms of an electronic signature include: The term electronic signature also includes typing your name at the bottom of an email before sending it out to colleagues. You’re leaving an electronic signature when you sign up for a new Spotify account and check all the boxes agreeing to the company’s policies. Wet signatures require a person to make a physical marking on a document, while electronic signatures rely on an electronic transmission. How Do Wet Ink Signatures Differ From Electronic Signatures?Īn electronic signature refers to how a person acknowledges receipt and acceptance of criteria expressed in an electronic message, document, or transaction. Wet signatures can either be printed or written in cursive. One of the most famous wet signatures in American history is the one placed by John Hancock on the Declaration of Independence. Wet signatures evolved into the go-to standard for centuries around the time that England’s Parliament passed a law called the Statute of Frauds, which required wet signatures on specific legal contracts. We can trace one of the earliest-known traditional wet signatures back to medieval Spain courtesy of El Cid, a well-known military leader and nobleman. Putting a simple “X” on a piece of paper would be enough to hold up in court. The term “wet signature” refers to someone placing a physical signature or distinct mark on a hard copy of a document with a pen or seal to make it legally binding. In this article we’ll answer the question, what is a wet signature, compare differences of digital and electronic signatures, and answer some common questions. The past decade saw many of these businesses moving away from wet signatures as the standard for critical documents. A rise in the use of automation and web-based technology has contributed to a shift in how solopreneurs, small companies, and large enterprises handled the collection of signatures. We’ve evolved quite a bit from the symbols and pictures used by ancient Egyptians and Sumerians to give a document meaning. Signatures on documents have been the key to forming legally binding contracts for centuries.
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