Before the "Electronic Signature Law" was revised in 2019, it stipulated that electronic contracts could not be used in four situations: (1) involving personal relationships such as marriage, adoption, inheritance, etc.; (2) involving the cessation of water supply and heating , gas supply and other public utility services; (3) Other situations stipulated in laws and administrative regulations that do not apply to electronic documents; (4) Involving the transfer of real estate rights and interests such as land and houses. On April 23, 2019, the Standing Committee of the National People's Congress revised the "Electronic Signature Law of the People's Republic of China" and deleted the circumstances in which electronic contracts cannot be used "involving the transfer of real estate rights and interests in land, houses, etc." In other words, the revision of the Electronic Signature Law provides a legal basis for electronic contracts to enter the field of real estate transactions.

Application scenarios of electronic contracts for real estate companies

(1) Electronic signature enables online signing and evidence preservation of relevant documents in pre-investment business of real estate companies. If there is a risk of contract performance, it can be quickly online File a case.

(2) After integrating with the real estate enterprise’s business system, electronic receipts, subscription book signatures and seals can be realized during the sales subscription and subscription process, which greatly improves the efficiency of case work and reduces the risk of errors.

(3) By integrating with the OA, procurement, and bidding systems of real estate companies, online circulation and electronic signing of bidding documents, bid winning notices, bid documents, and contracts are realized without the need for printing and sealing.

(4) Connect with the real estate company’s co-investment system to enable online viewing, signing and electronic agreement archiving of project co-investments, reducing mailing and management costs.

(5) HR can electronically sign labor contracts and related documents involved in the entry, transfer, transfer and departure of employees, and supports batch contract initiation, signing, management and other functions.

At present, electricity supply and consumption contracts can also be signed electronically. The application scope of electronic contracts is becoming more and more extensive.

Recently, staff from the Jinhua Branch of China Tower Co., Ltd. completed the signing of a power supply and use contract through the "Online State Grid" APP. This is the first power supply and use contract signed online by the State Grid Corporation of China. .

In order to vigorously promote the "non-stop" electricity service and the digital transformation of marketing business, the company is the first to launch the "electronic signature" function of the power supply contract. Customers can sign the electricity anytime and anywhere on the "Online State Grid" APP. Sign contracts, eliminate potential safety hazards in the use of seals, help enterprises improve quality and reduce costs, and help optimize the business environment.