Extract from Will Norton’s article “Transitioning to Remote, Electronic Signing for Transactions”
Over the past decade, businesses have adopted eSignatures to streamline internal approval processes and reduce contracting time with customers and partners. Transactional practices seem like obvious applications for using electronic signings. But for a variety of reasons, only a small — albeit growing — percentage of transactional attorneys use eSignatures regularly on their transactions.
The recent move to more remote work environments has prompted many to take a second look at not only eSignature solutions but also remote online notarization (RON). In order to support transactional practice groups and legal departments in making the transition to electronic signing and closings, one must understand the challenges and opportunities of these technologies.