Referencing Signature Policies


A reference to a certain signature policy can replace requirements of the contractual agreement. For example, the transacting parties can agree to provide to each other notices of termination only electronically if certain requirements, as to the creation and validation of an electronic signature, are fulfilled. Referring explicitly to a certain signature policy facilitates the adherence to the formal requirements of the transaction.

Organizations that represent certain business sectors can also identify and create signature policies that comply with their business needs and explicitly refer to them in their business transactions. These signature policies can be published in a way that can be explicitly referred to by any member of these business sectors, and its use can be made obligatory to all parties that belong to a business sector if all parties agree.

If the members of a business sector generally adhere to a signature policy, a transaction between the members of the sector will only be considered valid if this signature policy is complied with, unless stated otherwise, by the contracting parties.




Social and Economic Transformation in the Digital Era
Social and Economic Transformation in the Digital Era
ISBN: 1591402670
EAN: 2147483647
Year: 2003
Pages: 198

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