Advantages of E-Contract: The Digital Way of Contracting
Are you tired of delay in the process of contracting? Or frustrated with meeting the other party again and again for suggesting changes? If you are facing these problems or any other issues related to the traditional paper-based contract, then the digital world has brought you Electronic Contracts. Not aware of this? Let us give you a brief.
We can simply understand E-contracts as the online or digital way of forming and getting into a contract. An online contract is created using electronic mediums with the consent of people involved in the agreement. Here, offer, acceptance, signing and other such formalities are all done digitally. Digital contracting will solve all the problems that you face in the process of agreement. The benefits of electronic contracts will make you choose the digital way of contracting over the traditional one.
Benefits of E-Contract:
Ease of Use
Online legal binding agreement is easy to use as templates are already available. Anyone can create an e-contract with minimal training. Parties just need to choose a template, fill in the required details and attach their digital signatures.
Low Transaction Cost
Electronic contract lowers the cost of material, labour etc that are involved in using the traditional way of contracting. Feelium E-Contract allows you to create and manage all your digital contracts at one place.
Time Saving
It saves time as you don’t need to meet the other party physically. You can invite second party, suggest changes, sign, save and download the contract online.
Avoiding Errors
There may be human errors in traditional contract. Whereas e-contracts at Feelium E-contract are created by legal experts and proofread multiple times to avoid errors in the document as there is no direct involvement of humans.
Enhanced Security
The digital signatures attached to the document makes it secure as it cannot be copied. Security is the top most priority of Feelium E-contract. We keep your information private and secure from prying eyes and unauthorized access. Additionally, we have an authentication process at every step to ensure data protection.
Using the cloud to store confidential information about you and your clients may seem foreign at first, but security is one of the top priorities here at Concord. Information is kept secure and private, guarded by state-of-the-art ISO 27001-certified, SSAE 16-audited data centers, all of your files will be kept confidential. Your information will always be easily accessible, but also free from prying eyes and unauthorized access.
At Feelium E-Contract, you can not only create the contracts but can avail some exclusive facilities as well. So, without further ado, let us read on to know the advantages of Feelium E-Contracts.
Why choose Feelium E-Contract over other digital contracting services?
100+ Ready-Made Lawyer Drafted Templates
There are over 100+ ready-made templates available to choose from. The templates have been drafted by the lawyers themselves which assures reliability of the contract.
Customization of Contractual Templates
With Feelium E-contracts, you are just required to fill in the basic details and if you want some customization like adding some extra terms, then that can be done very easily.
Legal Expert Advice on Your Contracting Procedure
When you customize and make changes to your contract, you will get full technical assistance. Plus you can opt for consultation by our legal experts for creating ‘your need specific contract’.
Facility to E-Sign That Makes Our Documents Legally Bind
When your final contract is ready, you share it with the other party for signing. At this platform, the legal documents become legally binding only when both the parties attach their e-signatures in it.
Secure Procedure That Authenticates Each E-sign With an OTP
When you ultimately accept the electronic contracts and put your digital signatures on it, you receive an OTP (One Time Password) to authenticate the users or parties.
User-friendly Interface
Our user-friendly interface will allow even the most unfamiliar people navigate quickly and easily on the platform.
Feelium E-Contract is the only platform that facilitates digital agreements/contracts in India. Here, you get the opportunity of making changes to the template with the support of legal advisors throughout the process. It also ensures the security of your document by validating electronic signatures and authenticating them via email or SMS. This makes sure that your online agreement is safe from hacking or any fraudulent activity.
Hence, it can clearly be derived from above that online contracts presented by Feelium E-Contract are the smartest way of contracting in this era. It is a one stop solution that lets you access online legal templates, customizing, electronic signatures and authenticates them too. This way of contracting saves paper and in result saves the environment. So, make your choice wisely.
