About Concord’s Electronic Signature Validity

E-signature Compliance

HOW CONCORD ENSURES SIGNATURE LEGALITY AROUND THE WORLD

For more than 15 years, electronic signatures have been fully valid and legally binding in most countries around the world. They are now used by individuals, companies, and governments alike to increase the speed and security of their transactions.

Used for document signatures in more than 110 countries around the world, Concord’s technology and e-signature system have been designed to meet the key requirements of all major regulations in the world, such as the U.S. Electronic Signature in Global and National Commerce Act of 2000 (ESIGN), the U.S. Uniform Electronic Transactions Act (UETA), and the European Union EC/1999/93 Directive.

Signature Authentication

HOW CONCORD HELPS YOU PROVE EXACTLY WHO SIGNED WHAT

One of the principal strengths of an electronic signature is its ability to precisely verify and prove the signer’s identity; compared to a handwritten signature, where forgery is hard to prove.

To help you identify who is signing your documents, Concord combines the broadest range of authentication methods on the market including: verified email addresses, IP addresses, MAC addresses, technical information from the devices used for signature, SMS/email signature confirmation codes, social IDs, SSO, and other third party IDs, as well as Concord’s accounts IDs.

Document Integrity

HOW CONCORD PROTECTS YOU AGAINST TAMPERING

Unlike manually signed paper documents that can easily be modified, Concord’s electronically signed documents are virtually impossible to alter.

During and after the signature process, Concord time-stamps each document and seals it using the U.S. Federal Information Processing Standard SHA-1 secure hash algorithm. This process enables you to verify your document’s integrity at anytime with the certainty that it has not been compromised.

Court-Admissible Evidence

HOW CONCORD ASSISTS YOU IN COURT

By creating a comprehensive audit trail gathering all access instances, actions, and signatures of each participant to a document, Concord provides you with all the evidence necessary to defend your documents against repudiation in court.

Document Security

HOW CONCORD PROTECTS YOUR DOCUMENTS

Exceeding the strictest U.S., European, and global security standards, Concord provides bank-level security to every user, including: Full SSL 256-bit encryption, ISO 27001-certified and SSAE 16-certified (SOC 1 and SOC 2) servers, and periodic security audits performed by renowned security experts.

Data Privacy

HOW CONCORD PROTECTS YOUR DATA

Only you and your authorized users have access to your documents. No one else, not even Concord’s employees can access your documents. Your data is not shared with or sold to anyone. You can even choose the country where your data should be stored.

Data Reversibility

HOW CONCORD ENSURES YOUR DATA REMAINS YOUR DATA

Your data is your data. Period. With Concord, you can download contract originals and export their metadata at anytime. And if you decide to close your account, you get all of your data back, as committed to in our Terms and Conditions.

 


 

Frequently asked questions

 

Are Concord’s electronic signatures legally binding?

Yes, they are. Used in more than 110 countries, Concord’s electronic signatures are valid and legally binding across the world. They have been designed to meet the key requirements of the U.S. ESIGN and UETA acts, as well as the European Union EC/1999/93 Directive.

Are Concord’s electronic signatures secure?

Yes, they are. Concord offers bank-grade security for all connections and documents, ensuring identifiable, encrypted, and tamper-evident electronic signatures as well as full privacy of every transaction.

Will Concord assist me in court?

Yes, we will. Thanks to its comprehensive audit trail, Concord’s default settings provide you with all the evidence needed in court. And if your country’s court requires specific formats or declarations, Concord’s team is happy to assist you.

Does Concord’s electronic signature work outside of the U.S. or the European Union?

Yes, it does. Concord’s electronic signature is used in more than 110 countries around the world. A vast majority of countries recognize electronic signatures, including:

  • Africa and Middle-East: Cameroon, Egypt, Israel, South Africa, Turkey, and United Arab Emirates
  • The Americas: Argentina, Brazil, Canada, Chile, Colombia, Ecuador, Guatemala, Mexico, Peru, USA, and Uruguay
  • Asia: China, Hong Kong, India, Indonesia, Japan, Kazakhstan, Malaysia, Philippines, Russia, Singapore, South Korea, Taiwan, Thailand, and Vietnam
  • Europe: Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, Switzerland, Ukraine, United Kingdom…
  • Oceania: Australia and New Zealand

 

Can I still check the validity of my signatures even if I’m not using Concord anymore?

Yes, you can. Concord lets you download any signed document as a PDF at anytime. Each PDF includes signature tokens that prove the authenticity of the document. You can save your documents on your own servers and still guarantee their validity and integrity, even if you decide to stop using Concord.

What about in 20 years? Will I be able to check the validity of my signatures as the technology evolves?

Yes, you will. Even if new standards appear in the future, contracts previously signed on Concord will remain valid and legally binding; you will still be able to prove their authenticity.