Tag: digital contracts

WFH: the rise of virtual signatures

The technology to allow parties to a contract to sign, execute, witness and complete contracts without leaving their home office is not new. However, with nearly 50% of the UK working from home, the time for electronic or digital signatures is ripe. Rather than considering the relative merits of the

Read More »

Speed of digital change

The 2020 pandemic is increasing the speed of digital change in construction. At a LetsBuild webinar two-thirds of respondents said that the pandemic would accelerate increased digitalisation and investment in technology. As ‘Digital by Default: Construction After Covid-19‘ notes: …rapid change is the reality of the current COVID-19 crisis –

Read More »

Demand for Digital Contracts

I have been researching how other countries are adapting to digital contracting. In Sweden, Skye Contracts promote contracting based on: speed simplicity flow They are interested in tremendous templates, clarity of thinking, data-driven decision-making as well as using processes that work for your business. As they state in their e-book:

Read More »

How do you create digital contracts?

Let’s be clear, taking a contract that is not fit for purpose and digitising it will not magically create a smooth, effective contracting process. It is not about the technology. Digital contracts are legal. But they also need to be simple – contracts should be read, understood and used. Online

Read More »

Guaranteed by Email?

Although most contracts do not need to be signed to be effective (and legally binding), guarantees are an exception. The 1677 Statute of Frauds requires all guarantees to be: in writing (or a note of memo of it is in writing) signed by the guarantor. This distinction means oral guarantees

Read More »

Are you ready to make digital contracts?

Rather than blinding leaping onto the digital bandwagon, STOP! Let’s consider if you are ready for or even need digital contracts. I’ve been speaking to Mo Shana’a from Morta regarding questions he asks a company to see if they are motivated to change their current ways of working. Imposed changes

Read More »

Are digital contracts legal?

There is no specific format for contracts under English law. They can be verbal, written or in any other format. Five essentials A hasty scribble on a serviette can form a legally-binding contract, providing it covers the five essential elements (English law): Offer to do something Acceptance of that offer

Read More »

What are Digital Contracts?

5000 years ago, most contracts were oral, scratched into clay tablets with a reed or laboriously transcribed onto animal skins or papyrus. In our modern, hyper-connected world – the digital age – you can create a contract in many different ways: Paper-based (hard copy) Electronic (soft copy) Digital (created, signed

Read More »

Going digital with e-signatures

Your clients no longer need to sign on the dotted line… or more accurately not with a pen. The Law Commission has recently confirmed that e-signatures are a valid means of executing contracts. No more printing, signing, scanning and emailing an attachment back to complete the steps of acceptance. All

Read More »

Digital Contracts: Conduct

My talk at the 2017 CoMIT Conference drew parallels between banking and construction because banking was based on trust (hence the term ‘rich as Croesus’ as he mastered the art of trustworthy coins as tools to stimulate commerce in Lydia). The former chair of JCT said we cannot move to

Read More »