Electronic signatures can be used for Agreements of Purchase and Sale starting July 1, 2015.
As of July 1, 2015, electronic signatures can be used on Agreements of Purchase and Sale (APS). Previously, electronic signatures could be used for other contracts, such as seller and buyer service agreements.
The use of electronic signatures is voluntary and the parties to the agreement have to agree to their use. You may find individuals who like the idea, while others are more comfortable with the use of traditional (wet) signatures. Registrants need to inform themselves of the proper procedures when using this method, as there are specific procedures and audit trails that must take place.
The changes are a result of amendments to the Electronic Commerce Act, 2000 (ECA).