Electronic Documents: Required Criteria
From a technical standpoint, the technology to create, record, execute and deliver electronic bonds is commercially available. Regardless of the system used, it is important that the end-user trusts the process and is assured that the “document” received is as valid as any paper equivalent. In that regard it’s crucial that any electronic document received meet three threshold criteria:
Integrity of Content
The assurances that the document received is the true document executed and the content has not been changed or altered.
Restricting the access to the document to those authorized to view and/or download it.
Verifiability / Enforceability
Assurances that the document was duly executed by the parties identified and that it is enforceable in law.