Contract Basics
Published on:
October 20, 2023
12min read

How are contracts usually signed

Luciana Gasser

The Future of Signing: Transforming Ink to Pixels with Cheers

Contracts today can be sealed with either a traditional 'wet ink' signature or a modern electronic signature. If you're going the old-school route, this involves printing the contract and signing it manually with a pen. On the other hand, if you opt for an electronic signature, all you need is a reliable electronic signature provider or a Contract Lifecycle Management (CLM) platform like Cheers. The latter can automate and digitise your entire contract process, making it a breeze to finalise agreements swiftly and efficiently.

These documents are an essential part of our lives, whether we're hiring, partnering, buying, or selling. From the quill of yesteryears to the pixels of today, signing a contract has evolved, driven by technology and environmental needs. At Cheers, we're dedicated to keeping you ahead of this curve, helping you transition from wet ink to digital with confidence and ease.

The High Carbon Trail of Traditional Signatures

We often imagine contracts being signed with a flourish of a pen, the 'wet ink' signature. But did you know the traditional way of signing contracts carries a high carbon footprint? Think of the trees cut down for paper, the pollution caused by manufacturing ink, and the carbon emissions of couriering contracts. It’s a weight on our environment that we cannot ignore.

For a more comprehensive understanding, do take a look at our detailed blog post regarding this analysis. Together, let's strive towards a more sustainable and greener future.

Embracing the Digital Shift: Electronic and Advanced Digital Signatures

In the quest for more eco-friendly alternatives, digital signatures have emerged as a hero. An electronic signature is a broad term for any electronic process signifying an approval to terms, while an advanced digital signature is a specific type of electronic signature that is uniquely linked to the signer, is capable of identifying the signer, and is linked to the document in such a manner that subsequent changes are detectable.

Thanks to regulations like the UK’s Electronic Communications Act and the European Union’s General Data Protection Regulation (GDPR), both types of digital signatures are legally recognised. They are just as binding as wet ink signatures and are seen as an important step towards reducing carbon emissions.

At Cheers, our secure e-signature solution streamlines this process, enabling businesses to sign contracts digitally, swiftly, and securely.

Mobile Versus Laptop: The Device Dilemma

More and more people are using their mobile devices to review, sign, and manage their contracts. Studies have shown that mobile usage already surpasses that of laptops, a trend expected to continue well into the future. By 2035, it is forecasted that the majority of contracts will be agreed upon and signed using mobile devices.

The Future is Here: The 2035 Outlook

By 2035, we anticipate a shift towards fully digital contracts. Imagine a world where contracts are eco-friendly, agreed upon instantly, and accessible from anywhere in the world - that's the future we envision and strive to create at Cheers.

Our customisable business templates and user-friendly analytics services ensure you're equipped for this future, helping you navigate your contractual journeys with ease and assurance.

In this digital revolution, contracts will not just be a sign of agreement, but also a symbol of commitment towards a greener planet. Join us at Cheers in this journey. Let’s transform ink to pixels, one contract at a time!

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