How to Use Electronic Contracts: A Comprehensive Guide in Four Steps from Basics to Implementation
The method for electronic contracts and electronic signatures is simple as long as you grasp the key points. Electronic contracts achieve both business efficiency and cost reduction simultaneously. Paperlogic supports the smooth implementation of electronic contracts that realize business efficiency and cost reduction.
■ Steps to execute an electronic contract:
1. Prepare the contract document data
2. Request and send for signature to the other party
3. Apply electronic signature and timestamp
4. Manage and store the executed contract → Complete!!
With Paperlogic, you can easily start electronic contracts with an intuitive and simple UI.
■ Types of electronic signatures (witness type and party type)
There are two types of electronic signatures for electronic contracts: "witness type signature (equivalent to a seal)" and "party type signature (equivalent to a registered seal)." Just as there is a distinction between registered and common seals in paper contracts, using different signatures in electronic contracts can enhance compliance. Paperlogic supports all types, including witness type, party type, and hybrid types that use both.

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