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Sign On The Digital LineE-signatures are now legally binding. Why should you care?

ByAmanda C. Kooser

Opinions expressed by Entrepreneur contributors are their own.

When the E-Sign Act became law last year, it created myriadpossibilities for the use of digital signatures in contracts. Theact makes legally binding everything from signing e-mails to theonline closing of mortgages. It's been pegged as a boon toe-commerce and a way to cut back on paperwork. Now companies arescrambling to release e-signature technology to consumers andbusinesses, giving you a variety of options to choose from.

A lot of security concerns revolve around e-mail, but theability to authenticate electronic transactions will soon allaythose concerns.On Signoffersfree downloadable software that allows a digital signature to beattached to a Microsoft Word document or an Outlook/Outlook Expresse-mail. Any unauthorized alteration of the document invalidates theencrypted signature. Other companies with different methods andmore advanced paid services includeVeriSignandiLumin.

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