It’s Time To Reinvent The Signature Page
Last night I printed, signed, scanned, and emailed two signature pages. As is my custom of not keeping anything around, I tore up and tossed the sig pages and then deleted the files. This morning I woke up to an email saying “We didn’t get your signature pages. Can you please send them.” I just went through the same print, sign, scan, and email process again.
This is so profoundly stupid. I sent a note yesterday afternoon in reply to the email thread asking if I was all set to go that said “I’m all set to go.” A bunch of lawyers were on the email thread (mine and the company’s.) We are wiring the money today. Now they have some pretty scanned sig pages also.
There has got to be a better way. Over the last decade, there have been lots of “electronic signature” companies pop up. None have seemed to take root in the corporate world. In the past year, I sold a house and bought a house. In both cases, there was some goofy online thing that I signed with my mouse (my signature looked like a messy “X”) for the offers (to make / accept) but I still had to go to the title company and sit and sign 37 documents to close. Every time I go to the grocery store I swipe my credit card through a little electronic checkout machine and when it’s time to sign, I put a big “X” on the sig line.
When I think about the number of places my actual signature is at this point, it’s a pretty useless mark. But for some reason it’s still important in the legal closing process. This now seems more like a tradition, instead of a useful thing.
While I’m not interested in funding something in this arena (it’s outside our focus), it seems like there’s finally an opportunity to solve for this, at least in the corporate world. I’m not talking about biometrics or retina scanning – just a valid electronic signature that becomes a standard. Maybe someday. Wouldn’t it be cool if they lawyers took this on and tried to solve it?