If you are wondering about the legality of an electronic signature in a particular contract, look first at the contract and the counterparty clause. If you are still unsure, speak to a lawyer. The delivery date must also be agreed and documented. This may be the date on which all counter-copies are received by the designated person. In order to control the effective date of the contract, the parties may decide that their consideration is deemed unserved until they confirm something else or until a given condition is met. The named person sends a copy of the fully executed document to all parties. The absence of a counter-clause does not in itself invalidate any agreement that the parties execute through separate counterparties. However, a counter-clause may help prevent a party from arguing that an agreement is not binding because there is not a copy signed by all parties or because they did not know that they are entering into a binding contract by signing an agreement that was not signed by the other parties. While useful in speeding up the signing process, counter-execution has some constraints.
Execution by a party may require several signatures. For example, two directors of a company (although a director can often sign in front of a witness) or several agents of a trust. The law allows people acting for the party not to sign separate copies. If a witness is needed, he must be physically present. A few personal meetings will continue to be necessary. In short, contracts and deeds can usually be signed nearby. The absence of a specific counter-value clause should not affect the validity of an act when an act has been performed in return. Such a clause may, however, help prevent another party from arguing that an agreement is not binding. They could argue that in the absence of a counter-clause, they did not know that they had entered into a binding contract by signing an agreement not signed by the other parties. Contracts and simple acts are often executed in the opposite stages.
This means that each contracting party signs separate but identical copies of the same document. The signed copies together form a single binding agreement. A signed original copy of any legal document is always an acceptable consideration. In some cases, the signature may be signed in the presence of a notary or verified by an identifier.