First of all, both the Civil Code and the Electronic Signature Law stipulate the legal effect of electronic contracts and electronic signatures, indicating that "electronic contracts signed with reliable electronic signatures have the same legal effect as traditional contracts".

Example of electronic signature (source: electronic signature)

Therefore, electronic signing and paper signing also play a role in protecting the rights and interests of contractors, standardizing business cooperation processes, controlling potential performance risks and fulfilling the requirements of laws and regulations. Electronic signature helps us to sign contracts or express opinions with enterprises or individuals more safely and conveniently in our daily life and work.

2. What are the advantages of electronic signature?

Compared with the traditional paper signing, electronic signing has obvious advantages in cost control, risk control ability and efficiency improvement.

First, in terms of cost control, almost all direct material costs such as paper, binding, printing, express delivery and fax can be directly saved through electronic receipt. In addition, the advantages of electronic signing in reducing labor costs should not be underestimated. Taking a labor contract as an example, the cost of "paper printing+express delivery back and forth" is close to that of 35 yuan, and the cost of signing a single contract is higher than that of 200 yuan, plus the labor costs required by legal affairs, seal administrators and contract administrators. Through electronic signing, the signing cost of a single contract is only about 10 yuan. For users of medium and large enterprises, the application of electronic signature can save more than one million signature costs every year.

Online electronic signature (source: electronic signature)

Second, in terms of risk control ability, electronic contracts signed with reliable electronic signatures have the characteristics of "identifiable signature identity and tamper-proof signature content", so that the signer can check the authenticity and integrity of contract documents at any time and place, and at the same time check the signature information of the other party to ensure the authenticity and validity of identity information, thus ensuring the security and compliance of electronic contracts. In addition, taking our platform as an example, the third-party electronic signing platform will provide perfect legal services to help contractors further avoid potential risks and solve existing disputes.

Example of electronic signature verification (source: electronic signature treasure)

Thirdly, in terms of efficiency improvement, electronic signature simplifies the operation processes such as paper printing, seal application, round-trip sending, manual proofreading, filing and reading. From the editing and review of contract documents to the final signing and filing performance, the whole process is online, and the contract can be signed by connecting the mobile phone to the Internet.

Example of online signing process (source: e-signing treasure)

This shortens the contract signing process from 7- 15 days to 1-3 days, which greatly improves the efficiency of approval, contract signing and management, and brings efficient and convenient contract signing experience to individuals, enterprises and governments. With the release of human and material resources, enterprises can put their energy and resources into more important business.