Good News For Companies Regarding Electronic Signatures

Recent times have probably been the strangest that any of us have experienced due to Covid-19, and many aspects of our lives have had to adapt. That includes our laws, and we are pleased to say that our legislators have taken some positive steps in some aspects of consumer law.

One area in particular which has recently seen commercial law take account of not just the pandemic, but also modern technology, is electronic signatures by companies, and in particular its directors. Electronic signatures are created by an individual signing their name in a way that does not involve them putting pen to paper and signing in ink.

Signing Company Documents

Until recently the signing of documents was covered by section 127 of the 2001 Corporations Act. This act stated that company documents had to be signed by either:

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