Signature Transaction Definition and Examples

Understanding Signature Transactions for e-Signing

A Signature Transaction is a crucial term in the realm of electronic signatures, encompassing the entire process of sending, receiving, signing, and managing documents electronically. It represents a single instance where a document or a set of documents is sent for signatures to one or more recipients. Understanding Signature Transactions is essential for anyone looking to streamline their document workflows and ensure legally binding agreements.

Key Components of a Signature Transaction

1. Document Preparation: Creation and formatting of documents that need signing.
2. Initiation: Sending the document to recipients for signature.
3. Authentication: Verifying the identity of the signers.
4. Signing Process: The actual act of placing signatures on the document.
5. Completion: Fully signed and executed document is finalized.

Examples of Signature Transactions

1. Sales Contract: A real estate agent sends a sales contract to buyers for e-signature. Each signature constitutes a single transaction.
2. Employee Onboarding: HR sends multiple forms (contract, NDA, etc.) to a new hire. Collectively, these form a transaction.
3. Vendor Agreements: A business executes a contract with a supplier, capturing terms and signatures electronically.

Benefits of Using GoodSign for Signature Transactions

• Cost-Effective: Pay-per-use at $1.50 per envelope, eliminating high subscription rates.
• Unrestricted Access: All features and integrations are available without plan limitations.
• Scalable for Teams: No extra cost for adding team members, ideal for growing businesses.

Switch to GoodSign for your Signature Transactions and experience seamless, affordable, and efficient document signing. Simplify your workflow and pay only for what you use!