Time stamping in the context of e-signing refers to the process of recording the exact date and time an electronic document is signed. This feature ensures that the signature is not only valid but also captures a precise timeline, providing an additional layer of security and authenticity.
Why is Time Stamping Important?
Legal Validity: Time stamping can be crucial for the legal standing of the document, establishing when the agreement was made.
Audit Trails: It helps create a robust audit trail, making it easier to verify the sequence of events.
Dispute Resolution: In case of disputes, time stamps provide undeniable proof of when a document was signed, which can help in resolving conflicts promptly.
How Does Time Stamping Work?
Time stamping typically involves:
Digital Signatures: Using a cryptographic algorithm to sign and time-stamp the document.
Trusted Time Stamp Authority (TSA): An external third-party service that ensures the accuracy and integrity of the time stamp.
Immutable Records: Ensuring that the timestamp, once applied, cannot be tampered with.
Real-World Examples
Hiring Contracts: When an employment contract is signed digitally, the time stamp provides a concrete record of the start of the agreement.
Real Estate Transactions: Time-stamping a contract for property sales can verify when both parties agreed to the terms, essential for legal compliance.
Purchase Orders: In procurement processes, time-stamped signatures ensure that orders are approved within specified timelines.
GoodSign and Time Stamping
At GoodSign, every envelope you send for just $1.50 includes time-stamping. This feature is not behind any paywall or a premium plan. You get legally valid, time-stamped signatures every time, ensuring your documents have the integrity you need.
Don't compromise when it comes to securing your digital transactions. With GoodSign, you get all the features you require without hidden costs – pay per use, no extra cost for team members. Start experiencing seamless, authenticated e-signatures with time stamping today.