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DocuSign
DocuSign is an electronic contract signing platform company based in San Francisco, California, that is widely recognized as a leader in electronic signature (e-signature) technology. DocuSign’s software allows parties to sign contracts and other documents electronically, eliminating the need for wet ink signatures and in-person meetings. Using DocuSign’s eSignature maker, parties can sign from anywhere in the world, making it ideal for remote teams and global transactions. Documents are encrypted and authenticated with a unique hash, offering enhanced security and tamper protection.
What Does DocuSign Do?
DocuSign allows individuals and organizations to create, send, sign, and manage documents digitally. Whether you’re finalizing a contract clause, sending an addendum, or requesting signatures on a new agreement, DocuSign streamlines the entire process.
The DocuSign platform offers a free signature generator for basic use and integrates with advanced tools to provide enterprise-level digital transaction management.
DocuSign Meaning and Legal Validity
So, what does "DocuSign" mean? At its core, DocuSign refers to a brand name that has become synonymous with electronic signatures. But it's also part of a larger legal and technological shift in how we manage and execute contracts.
The importance of electronic contract signing (e-signatures) continues to grow in business and has been specifically endorsed by federal legislation. Congress passed the Electronic Signatures in Global and National Commerce (ESIGN) Act in 2002. The ESIGN Act facilitates the use of both electronic signatures and electronic documents in international and interstate transactions. In addition, individual states can (and have) passed laws that ensure the validity and protect the enforceability of electronic contracts.
Why Use DocuSign?
The adoption of eSignatures is growing rapidly, confirming that businesses have quickly adopted the technology. A recent report predicts the global eSignature market will grow at a compound annual growth rate (CAGR) of 34.7%, continuing its surge through 2023 and beyond. Many of our readers already rely upon e-signature technology. Companies that rely on traditional pen-and-paper signatures may find themselves at a disadvantage in terms of speed, security, and efficiency.
TL;DR: DocuSign Glossary Snapshot
- DocuSign = Electronic signature platform
- Enables electronic contract signing anywhere, anytime
- Legally backed by the ESIGN Act
- Includes tools like a free signature generator and a sign generator
- Works seamlessly with software for contract management like ContractSafe
- Helps with everything from addendums to full contract execution
Frequently Asked Questions
Are electronically signed contracts legally binding in the US?
Yes, in most cases. Federal and state electronic signature laws treat a signature as valid regardless of whether it’s electronic, as long as the signer intended to sign and consented to doing business electronically. A few document types are carved out, including some wills, and certain court and family law filings. Keep the audit trail showing who signed and when.
What happens to contracts after they’re electronically signed?
They need somewhere to live. Signing tools finish the transaction, but the executed file still has to be stored where the right people can find it, search it, and track dates. ContractSafe connects with e-signature tools so signed documents land in a searchable repository, with key terms extracted and renewal alerts set before anyone forgets the deadline.
Do you need e-signature software and contract management software?
Usually yes, since they solve different problems. E-signature software handles execution: routing a document, capturing signatures, and producing a certificate of completion. Contract management covers everything around it, including intake, drafting, approvals, storage, search, obligation tracking, and renewal reminders. Most teams connect the two so a signed document flows straight into the repository without manual filing.
