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These four requirements are: Intent to sign. Like traditional signatures, electronic signatures are valid only if each party intends to sign. Consent to do business electronically. All parties involved must consent to do business electronically. ... Association of signature with the record. ... Record retention.

?Electronic Signature? ? The term ?electronic signature? means an electronic sound, symbol, or process, attached to or logically associated with a contract or other record and executed or adopted by a person with the intent to sign the record.

Digital signatures make it possible to identify specific documents, whereas eSignatures demonstrate the intent of a signatory to be legally bound by the terms within a specific document.

Easy and secure way to digitally sign information anywhere, anytime - eSign is an online service for electronic signatures without using physical cryptographic . Application service providers use e-KYC service to authenticate signers and facilitate digital signing of documents.

Digital signatures come with encryption standards. Electronic signatures do not come with encryption standards. A digital signature consists of various security features and is less prone to tampering. An electronic signature is less secure and is more vulnerable to tampering.

The remaining three states -- Washington, Illinois and New York -- have enacted similar legislation governing electronic transactions. UETA laid out circumstances and context to define the legal validity of electronic signatures.

* Both laws provide the following: No contract, signature, or record shall be denied legal effect solely because it is in electronic form. A contract relating to a transaction cannot be denied legal effect solely because an electronic signature or record was used in its formation.

The most obvious difference has to do with governance. The ESIGN Act is a federal act, which means it affects people who do business online in all 50 states. The UETA, meanwhile, has been adopted on a state-by-state basis. Individual states have the option to adopt or reject the guidelines presented in the act.