In today's issue of TechnoLawyer NewsWire, lawyer and legal technology legend Dennis Kennedy covers an electronic signature service and repository geared at corporate counsel, a comprehensive suite of e-discovery tools, and a service that digitally certifies transcripts. Don't miss the next issue.
Below you'll find one of the three articles from today's edition:
Electronic Agreements Deserve Electronic Signatures
By Dennis Kennedy
Going in-house was supposed to improve your quality of life, but thanks to the Sarbanes-Oxley era in which we now live, your compliance workflow has kicked into overdrive.
For example, you need your worldwide salesforce to sign a compensation agreement with your new commission structure — and track who signed it and when. Similarly, you need to have your technical staff execute assignments of invention, again with archiving and tracking not to mention approval by their counsel. Many other headaches, er examples, abound, including the deployment of nondisclosure agreements by non-legal staff.
If only you could manage this workflow electronically. For several years now, electronic signature laws have permitted the use of electronic signatures, but the adoption of electronic signatures has not occurred because no one bothered to build a suite of tools to make it easier than using paper.
EchoSign's eponymous service may finally help usher in the revolution. EchoSign is a secure Web site for sending, signing, tracking, and storing documents — everything from retainers to nondisclosure agreements to assignments of inventions to deal documents. Instead of e-mailing a file, you just upload it to EchoSign.
To start, you set up a secure EchoSign account using any browser. There is nothing to install and no downloads. Even better, EchoSign's signature service is free.
EchoSign converts Word and other document formats to PDF, and then delivers the file to recipients with signature instructions. Recipients can either electronically sign the document or print and sign it the old-fashioned way. Even when they sign it on paper, the document remains within EchoSign thanks to a special fax number to which recipients return signed documents. No need to wait for these executed documents to arrive in the mail.
When you use EchoSign for signatures, you automatically create a repository of all of your signed documents. You can annotate, search for, review, share, and print them at anytime. With EchoSign, everyone on your team will know which documents were signed and when.
EchoSign's free signature service includes storage for your last 20 documents. To store more documents, you can choose from two plans — $12.95 per month for up to 1,000 documents (Pro) or $20 per user per month for unlimited documents (Enterprise). The Enterprise plan also includes a branded site and other extranet-like features.
Learn more about EchoSign.
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